Germany: Key Regulatory Developments In Germany

Last Updated: 18 May 2018
Article by Michael Huertas and Katja Michel
 Source/Date Brief description
BaFin 09/05/2018

The BaFin published Circular (Rundschreiben) on high-risk third countries under money laundering aspects

The BaFin published a Circular on third countries whose systems for the prevention of money laundering and terrorist financing have strategic deficiencies which pose material risks for the international financial system (Rundschreiben 07/2018 (GW) betreffend Drittstaaten, die in ihren Systemen zur Bekämpfung von Geldwäsche und Terrorismusfinanzierung strategische Mängel aufweisen, die wesentliche Risiken für das internationale Finanzsystem darstellen (Hochrisiko-Staaten)).

For further information in German, click here.

BaFin 09/05/2018

The BaFin has published its list of supervisory focus areas for 2018

For further information in German, click here.

BaFin 08/05/2018

The BaFin published translations of ESMA Q&A on MiFID II and MiFIR

For further information in German, click here.

BaFin 04/05/2018

Complaint management: BaFin Circular

The BaFin has published a Circular on the Minimum Requirements for Complaint Management (Rundschreiben – Mindestanforderungen an das Beschwerdemanagement).

For further information in German, click here.

BaFin 03/05/2018

Annual report on the financial services supervision in 2017

The BaFin published its annual report on the financial services supervision in 2017. For further information in German, click here

BaFin 26/04/2018

Deposit business: BaFin consults circular (Rundschreiben)

The BaFin consults its circular on the minimum requirements on custody business (Mindestanforderungen an das Depotgeschäft – MaDepot).

For further information in German, click here.

Ministry of Finance 24/04/2018

Draft law (Referentenentwurf): Law harmonsing financial services rules and regulations with Regulation (EU) 2017/2402 and Regulation (EU) 575/2013 (Gesetz zur Anpassung von Finanzmarktgesetzen an die Verordnung (EU) 2017/2402 und an die durch die Verordnung (EU) 2017/2401 geänderte Verordnung (EU) Nr. 575/2013)

The draft law is meant to harmonize financial services rules and regulations with two EU Regulations regulating securitizations.

For further information in German, click here.

BaFin 23/04/2018

Central securities depositaries (Zentralverwahrer):

The BaFin wird apply further Guidelines issued by the ESMA

For further information in German, click here.

BaFin4 19/04/2018

MaComp: The BaFin updates Circular (Rundschreiben)

The BaFin has updated its Circular on Minimum Requirements on the Compliance-Function and further Conduct of Business, Organizational and Transparency Requirements for Investment Firms (MaComp) (Rundschreiben zu den Mindestanforderungen an die Compliance-Funktion und weitere Verhaltens-, Organisations- und Transparenzpflichten für Wertpapier-dienstleistungsunternehmen (MaComp)).

For further information in German, click here.

BaFin 03/04/2018

Liquidity: The BaFin consults Draft General Ruling (Entwurf einer Allgemeinverfügung) in respect of the Liquidity Coverage Ratio (LCR)

For further information in German, click here.

BaFin April 2018

Publication of the monthly journal from the Federal Financial Supervisory Authority

Topics (selection): Interview with Dr. Thorsten Pötzsch / Cloud-Computing / IT-Security.

For further information in German, click here.

BaFin 15/03/2018

Prevention of Money Laundering: BaFin consults Guidance under the Money Laundering Act (Geldwäschegesetz)

For further information in German, click here.

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