Stand:updated on 01.04.2025 | Topic Compliance Officer for monitoring private financial transactions under section 11a of the FinDAG
With the aim of preventing insider trading and conflicts of interest, BaFin has established an internal reporting and monitoring procedure for the private financial transactions of its staff. This procedure is implemented by the Executive Board’s responsible officer under section 11a of the Act Establishing the Federal Financial Supervisory Authority (Finanzdienstleistungsaufsichtsgesetz – FinDAG).
Since it was established, BaFin has had in place an internal procedure for monitoring the private financial transactions of its staff (section 11a of the FinDAG, previously section 28/16a of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG)).
By means of prohibitions, risk categorisation and reporting obligations, BaFin’s monitoring procedure is designed to ensure that BaFin’s staff do not, when engaging in private financial transactions, use any non-public information that they (may) gain access to in the context of their professional duties. The Executive Board has appointed an officer for monitoring private financial transactions in accordance with section 11a of the FinDAG. The officer under section 11a of the FinDAG further develops the monitoring procedure, carries out checks, and reports to BaFin’s Executive Board. The rules under section 11a of the FinDAG are specified in greater detail in the German Regulation to Strengthen the Integrity of Integrated Financial Supervision (BaFin-Integritäts-Verordnung – BIV), which applies as of 1 April 2025.
Contact:Officer under section 11a of the FinDAG
Federal Financial Supervisory Authority
Central Risk Management and Compliance
Dr Daniela Schafaghi / confidential
Postbox: 1253
53002 Bonn
Phone: 0228 / 4108 - 0
Fax: 0228 / 4108 - 1550
E-mail: PrivateFinanzgeschaefte@bafin.de
