Dax: Deutsche Börse increases the leading index - and raises the bar

Deutsche Börse took its time to draw conclusions from the Wirecard scandal.

But after a discussion with investors, the exchange operator has now reacted.

Frankfurt / Main - Deutsche Börse increases the German leading index

* from 30 to 40 members.

At the same time, it cuts the number of

values, the index of medium-sized companies, from 60 to 50. In addition, only companies

that have been profitable in the past two financial years are included

in the

, as

on Tuesday in

.

So you must have earned earnings before interest, taxes, depreciation and amortization (Ebitda).

The new rule will apply from December 2020.

From March 2021, companies in the

also publish mandatory annual and quarterly reports - a violation of this will result in exclusion.

There must be an audit committee on the supervisory board.

Companies that are already in the DAX must have implemented these rules by September 2022 at the latest.

German benchmark #index #DAX will be strengthened by additional qualification criteria and harmonization with international standards.https: //t.co/y5UhpcZ7TA pic.twitter.com/MwmyLnrF81

- Qontigo (@Qontigofinance) November 24, 2020

After the scandal surrounding the now insolvent financial service provider

* and the subsequent inclusion of the previously unprofitable food supplier

was a lot of criticism of the market operator's regulations.

At the end of June, Deutsche Börse

announced

a revision for the

family and made suggestions.

In the past few weeks, market participants such as banks, fund companies and associations have been able to comment on this.