Von Kai Grandpierre | Aug 30, 2022 | Other
On November 10, 2022, the two-year transitional period in the European Crowdfunding Regulation (Regulation (EU) 2020/1503 – “ECSP Regulation”) will expire. A authorization under national law (e.g. under the German Banking Act (KWG) or the German...
Von Frank Müller and Hannah Henseling | Aug 28, 2022 | Funds
As of 1 January 2023, capital management companies (Kapitalverwaltungsgesellschaften) have to prepare a PRIIPs key information document for an investment fund that is distributed to private and semi-professional investors. The following is a summary of five frequently...
Von Annabelle Rau | Aug 17, 2022 | Financial Services
In a publication dated August 3, 2022, BaFin referred to the now applicable obligation of investment advisors and financial portfolio managers to conduct customer exploration with regard to the sustainability preferences of customers. Customer exploration now also...
Von Annabelle Rau | Aug 17, 2022 | Payment Services
The European Commission is currently consulting on the revision of the Payment Service Directive 2 („PSD2“). PSD2 regulates uniform EU-wide requirements for payment service providers and the provision of payment services. In Germany, the regulatory requirements of...
Von Renate Prinz and Annabelle Rau | Aug 11, 2022 | Crypto Regulation
The trilogue agreed on the final text for the Markets in Crypto Assets Regulation (“MiCAR”) on June 30, 2022, which now needs to be adopted by the member states (click here for the press release). MiCAR will for the first time create a single European...
