Advisory Board for the Derivatives Code

The Derivatives Code is a voluntary commitment made by all certificate issuers that are members of DDV. It requires compliance with high standards for issuing, structuring, distributing and marketing derivatives, and therefore acts directly to protect investors. Based on the relevant legal provisions, the code contains guidelines for a responsible approach to dealing with the capital of investors and keeping their trust. It applies to derivatives that are offered publicly to private investors.

The Academic Advisory Board monitors compliance with the code at regular intervals.

Professor Dirk Schiereck (Chairperson) Head of the Department of Corporate Finance Technische Universität Darmstadt Germany

Professor Sigrid Müller Director of the Institute of Finance Humboldt Universität zu Berlin Germany

Professor Lutz Johanning Chair of Empirical Capital Market Research WHU - Otto Beisheim School of Management Germany