Capital market oriented company
According to German law, the capital market orientation of a company consists in
- to use an organized market within the meaning of section 2 (11) of the WpHG for securities issued by it or
- having applied for admission of such securities to trading on an organized market.
Securities are defined by section 2 (1) sentence 1 WpHG:
"Securities within the meaning of this law are, even if no documents have been issued for them ,
- shares
- assets comparable to shares and certificates representing shares, as well as
- Debt instruments, in particular bearer bonds and order bonds
including participation certificates , warrants and certificates representing debt securities when they can be traded on a market. Securities are also shares in investment funds that are issued by a capital investment company or a foreign investment company ”( investment certificates ).
meaning
- References in § 264d HGB
- References in § 315a HGB
- References in EC directives
- References in IAS / IFRS
- Special requirements for the control of liquidity risks in the minimum requirements for risk management (BA)
