Ensured Implementation of Proposed Measures by the Commission

In the world of business and finance, the DAX, Germany's leading stock index, experienced a significant drop of 2.29% on the second day of September trading. The index plunged by 550 points, falling below the support level of 24,000.

Amidst this market turbulence, questions about impartiality have surfaced regarding Börsenmedien AG, the publisher of the DAX's official publication. The publisher's board member, Bernd Föst, holds direct and indirect positions in two major companies, BASF and Puma, which are frequently featured in the publication.

Bernd Föst's financial interests in these companies could potentially benefit from any price development resulting from the publication. Moreover, the potential for conflict of interest exists, as Föst's positions could influence the content of the publication, raising concerns about its impartiality.

It is worth noting that Börsenmedien AG's board members also hold positions in financial instruments related to BASF, Puma, Adidas, PVA Tepla, SMA Solar, and Vonovia, companies that are likely to be in focus during the recovery attempt on Wednesday.

The CEO of Adidas, Bjørn Gulden, previously held the same position at Puma and initiated a significant partnership in September 2022. Adidas became the official apparel partner for Audi's future Formula 1 team, marking a new chapter in motorsport starting in 2026. However, the CEOs of PVA Tepla, SMA Solar, and Vonovia are not indicated in the search results.

The recovery attempt on Wednesday saw a small recovery for the DAX, but whether this will continue remains to be seen. The conflict of interest issue with Börsenmedien AG's board member is a matter of ongoing discussion, with many calling for transparency and the separation of financial interests from journalistic roles.

As the market continues to fluctuate, it is essential to maintain a critical and informed perspective, ensuring that any potential conflicts of interest are acknowledged and addressed to preserve the integrity of financial reporting.