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    EEX as an Exchange 

    EEX is an exchange under the German Exchange Act and a regulated market within the context of MiFID. EEX has the following executive bodies: the Exchange Council, the Management Board of the Exchange, Market Surveillance and the Sanctions Committee. 

    For this reason, EEX has established a set of Exchange Rules, which is based on the German Exchange Act and binding both for itself and for all trading participants. This set of rules and regulations comprises the Exchange Rules, the Trading Conditions, the Contract Specifications, the Admission Rules as well as the Code of Conduct. 

    Liquidity, transparency and fairness in pricing are the factors which characterise EEX and constitute the basis for trust ofthe  trading participants in the exchange. Ensuring this confidence is the central task of EEX and its exchange bodies. 

    The members of the Exchange Council are elected from among the exchange participants (which are companies admitted for trading on the exchange) and represent their interests. The Exchange Council is responsible for three areas: legislation, the supervision of the Management Board of the Exchange and personnel competence.

    Michael Bonde Dominique Both
    Jan Brübach Marco Centofanti
    Paul Dawson Torsten Frank
    Stela Gerova Feridoun Kademi
    Manfred Knabl Edgar Lange
    Cedric Le Tallec Vincent van Lith
    Igal Madar Thomas Nilsson
    Tim Pirnay David Poupě
    Dr. Marco Saalfrank Giacomo Schiro
    Stefan Sewckow Peter Gyurovszky
    Dominic Vincent Ursino Dr. Bernhard Walter
    Dr. Jens Wimschulte Ben Preston

    For all questions regarding the election and currently vacant positions in the Council please contact boards_and_committees@eex.com.

     

     

    The Management Board of the Exchange is appointed by the Exchange Council. It manages the exchange's business independently. Its management function is limited by the participation requirements of the Exchange Council and the Exchange Supervisory Authority. As the executive body, the Management Board of the Exchange is entrusted with carrying out the public administration tasks assigned to the exchange. It ensures that laws, regulations, statutes, and other rules relevant to the exchange are followed and complied with. 

    The following persons are members of the Management Board of the Exchange: 

    Timothy Neil Greenwood
    Steffen Köhler
    Wolfgang von Rintelen

    The Head of the Market Surveillance has been appointed by the Exchange Council. 

    Tasks of the Market Surveillance

    • Ensures that trading processes and pricing are carried out on a fair and manipulation-free basis.
    • Records all data regarding exchange trading and the settlement of exchange transactions on a daily basis for analyses and required investigation activities. Can be requested to carry out special investigations by the Management Board of the Exchange.
    • Carries out special investigations on its own initiative or upon an instruction to this end by the Exchange Supervisory Authority.
    • Reports to the Exchange Supervisory Authority and the Management Board of the Exchange on a regular basis or for specific reasons
    • Informs the Exchange Council of its activities at the regular Council meetings
    • Supports various national, European and international authorities, in particular, in the fields of exchange and financial market supervision, energy regulation and competition supervision

    The Market Surveillance is subject to instructions by the Exchange Supervisory Authority, the Saxon State Ministry Economic Affairs, Labour, Energy and Climate Action. 

    The members of the Sanctions Committee have been appointed by the Exchange Council. Currently, the Sanctions Committee of EEX has one chairperson and 1 deputy chairperson who are neither members of other bodies of the exchange nor employees of the Exchange Supervisory Authority as well as 5 committee members. The Sanctions Committee takes action at the request of the Management Board of the Exchange or of the Exchange Supervisory Authority and establishes the facts and circumstances of the respective case ex officio. The Sanctions Committee can penalise a trading participant with a reprimand, a fine of up to EUR 1,000,000 or exclusion from the exchange if the trading participant violates regulatory provisions under exchange legislation. 

    The following persons are members of the Sanctions Committee: 

    Chairperson:
    Jutta Klingspor

    Deputy Chairperson:
    Friedrich Schmitt

    Panel Members:
    Pierre Chevalier
    Johannes Koliopoulos
    Edgar Lange
    Tim Pirnay
    Dr. Bernhard Walter

    The Exchange Supervisory Authority of EEX is the Saxon State Ministry for Economic Affairs, Labour, Energy and Climate Action. The Ministry is in charge of the legal supervision of the exchange and its bodies and of the market supervision of the trading participants according to the German Exchange Act.  

    The main tasks of the Exchange Supervisory Authority include the following: 

    • Supervision of the Exchange, in particular through the Exchange Council, the Management Board of the Exchange, the Sanctions Committee and the Market Surveillance (bodies of the exchange) as well as the company operating the exchange
    • Supervision of the companies admitted to trade on the exchange in co-operation with the Market Surveillance and the investigation of violations of provisions and orders under exchange law, 
    • Ensuring compliance with the provisions and instructions under exchange law, the proper execution of trading on the exchange as well as proper settlement of the exchange transactions. 
    • Participation in legislation procedures and in the field of exchange policy. 

    Contact

    Saxon State Ministry for Economic Affairs, Labour, Energy and Climate Action

    Exchange Supervisory Authority

    Visitor address:
    Wilhelm-Buck-Str. 2
    01097 Dresden

    Postal address:
    01073 Dresden

    boersenaufsicht@smwa.sachsen.de

    Further information
    Exchange Supervisory Authority at the Saxon State Ministry for Economic Affairs, Labour, Energy and Climate Action: www.smwa.sachsen.de
    Exchange supervisory authorities of the federal states: www.boersenaufsicht.de
    Exchange Act: BörsG Date of issue: 16 July 2007