MDAX 50: New requirements and rules
Companies that are included in the leading German index will have to adhere to stricter rules in the future. Deutsche Börse had set these, above all, to prevent such chaos as the Wirecard scandal.
Since December 2020, companies have to be listed for at least two years in a row before being included in the DAX positive earnings before interest, depreciation and taxes have earned. The result is called Ebitda (earnings before interest, taxes, depreciation and amortization).
From March 2021, all DAX members are also obliged to Quarterly statements and audited annual reports to publish. They must do this no later than 90 days after the end of the financial year. You can extend this period once by 30 days. If no business figures are available after this period, they are automatically removed from the index.
These regulations apply to all members of the DAX family – i.e. for the DAX, the MDAX, TecDAX and the SDAX. The payment service provider Wirecard, for example, postponed the publication of the figures several times and remained in the DAX – something like this should no longer be possible in the future due to the new rules.