Position Papers

With our position papers we engage in political debates and expert discussions regarding capital market issues - representing the interests of our members. Each year, numerous and detailed positions cover the various areas of our work: the primary market, the secondary market, the governance of listed companies and the economic education.

Below you will find our position papers which focus on European legislation - mostly in English and partially in German language. All our positions including papers with focus on national topics you will find on our German website.

In its reply to ESMA’s consultation on SME Growth Markets, Deutsches Aktieninstitut advocates for decreasing regulatory burdens in order to make SME Growth Markets more attractive. Especially for small and medium-sized enterprises, proportionality and flexibility of regulation are essential. “SME Growth Market” is a new category of multilateral trading venues (MTFs) in Europe, specifically targeted at SMEs and meeting EU-wide standards.