THE HAMBURG INSURANCE EXCHANGE
Cradle of Hamburg's insurance business
Office of the Hamburg Insurance Exchange
Mönckebergstrasse 17
20095 Hamburg
Telephone +49-40-30 10 09-0
Telefax +49-40-30 18 09-30/-48
E-mail: info@hamburger-versicherungsboerse.de
Internet: www.hamburger-versicherungsboerse.de
The Market Surveillance Office of the Hamburg Insurance Exchange
The legal basis for setting up Market Surveillance Office at German exchanges is set down in the German Stock Exchange Law, article 4 (1) which states:
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The exchange shall establish and operate a market surveillance office according to the stipulations of the Stock Exchange Regulatory Agency authorised to monitor and supervise trading and the management of transactions.
The German Stock Exchange Law can be reviewed in its entirety at Bundesanstalt für Finanzdienstleistungsaufsicht (Federal Agency for the Supervision of Financial Services) web site (http://www.bafin.de/gesetze/boerseng.htm).
The Market Surveillance Office performs the following tasks:
(1) As an independent exchange authority the market surveillance office is legally appointed to monitor and supervise exchange trading and transaction management. This entails:
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Compliance with the laws, rules and regulations governing the Insurance Exchange as well as regulations stipulated by the Exchange Council and other rules and regulations;
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Compliance with the standard customs of the trade as set down in the regulations governing insurance policy transactions at the Insurance Exchange;
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Maintenance of order in the Exchange Hall;
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Strict observation that authorised persons only have access to and may participate in trading at the Exchange.
(2) The head of the Market Surveillance Office shall report to the Stock Exchange Regulatory Agency on a regular basis.
(3) In the interest of carrying out its function the Market Surveillance Office is entitled to request information from the Exchange itself, persons authorised to use the Exchange as well as the companies or businesses they represent.
(4) Should the Market Surveillance Office discover actual facts justifying the assumption of an infringement of the rules and regulations governing exchange transactions or other forms of malgovernance which might be detrimental to Exchange trading or the management of transactions it shall report such detection to the Stock Exchange Regulatory Agency as well as to the executive management of the Exchange at once. The Exchange management shall take urgent steps to restore and secure exchange trading and transaction management and shall, without further delay, report to the Stock Exchange Regulatory Agency what immediate steps were taken.
For questions or detailed information on the functions of the Market Surveillance Office please contact the Market Surveillance Office of the Hamburg Insurance Exchange. E-mail: huest@hamburger-boerse.de, Tel. + 49-40 - 36 138-422.
For questions concerning legal and/or market monitoring please go to the Stock Exchange Regulatory Agency web site or call + 49-40 - 428 41-0.
For questions concerning insurance monitoring please go to the Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin - (Federal Agency for the Supervision of Financial Services) web site. E-mail: poststelle-ffm@bafin.de or Tel. + 49-228 - 4108-0.
Market Surveillance Office
Hamburg Exchange
Adolphsplatz 1
20457 Hamburg, Germany
Telephone + 49-40 - 36 138-422
Telefax + 49-40 - 36 138-649
huest@hamburger-boerse.de
Stock Exchange Regulatory Agency for the Hamburg
Insurance Exchange
Hamburg Ministry of Economic and Labour Affairs
Alter Steinweg 4
20459 Hamburg, Germany
Telephone + 49-40 - 428 41-0
Telefax + 49-40 - 428 41-16 20
Contact:
State commissioner Dr. Bernd Dous
Telephone + 49-40 - 428 41-14 15
bernd.dous@wb.hamburg.de
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