BaFin

News

OTC-Derivate: Besicherungspflicht für nicht zentral abgewickelte Kontrakte (refer to: OTC derivatives)
1

OTC deriva­tives

The Delegated Regulation on risk-mitigation techniques for non-standardised OTC derivatives was published in the Official Journal of the European Union on 15 December 2016. It came into force on 4 January 2017. The underlying regulatory technical standards were developed jointly by the three European Supervisory Authorities (ESAs), since the requirements for OTC derivatives are to be applied across the different sectors.

Pagination

News

Date: 17.01.2017 - Topic Authorisation BaFin sets up contact address for foreign financial firms

BaFin has now established a special contact address for financial services firms wishing to move their registered office or operations to Germany. You may submit your enquiries to BaFin via access@bafin.de. You can also use the contact form if you would like us to contact you directly. BaFin will respond to all enquiries within two business days. More: BaFin sets up contact address for foreign financial firms …

Date: 22.12.2016 - Topic Investment funds BaFin completes closet indexing investigation

The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has completed its investigation into closet indexing having identified deficiencies in transparency. It therefore plans to increase transparency obligations for the investment fund industry and also published a consultation on the matter yesterday (only available in German). Furthermore, at present BaFin does not see any reason to intervene in the remuneration structures of German asset management companies based on the results of the investigation. More: BaFin completes closet indexing investigation …

Date: 16.12.2016 - Topic Consumer protection Credit-linked notes: certificates industry reacts to announced distribution ban

The German Banking Industry Committee (Deutsche Kreditwirtschaft – DK) and the German Derivatives Association (Deutsche Derivate Verband – DDV) have presented a self-commitment for the issue and distribution of credit-linked notes to the Federal Financial Supervisory Authority (Bundesanstalt für FinanzdienstleistungsaufsichtBaFin). The industry has thus responded to the investor protection concerns raised by BaFin with regard to the retail distribution of these products. On this basis, BaFin has suspended its planned ban. In six months’ time, it will examine whether the package of measures proposed by the industry is effective. More: Credit-linked notes: certificates industry reacts to announced distribution ban …

Date: 15.12.2016 - Topic Own funds Stress testing: EIOPA publishes 2016 results

The European Insurance and Occupational Pensions Authority (EIOPA) published its final report on the 2016 Europe-wide stress test for insurance undertakings today. The stress test involved important insurers that operate both in Germany and across Europe and which are particularly exposed to the extended period of low interest rates. "The results confirm BaFin's assessments regarding the vulnerability of German life insurance undertakings to the risks in question. We are well prepared in this regard" explains Dr Frank Grund, Chief Executive Director of Insurance Supervision at BaFin. More: Stress testing: EIOPA publishes 2016 results …

Measures

Date: 16.01.2017 - Topic Measures Wild Bunch AG: BaFin threatens coercive fines

On 10 January 2017 BaFin ordered Wild Bunch AG to comply with the financial reporting requirements pursuant to sections 37v et seq. of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and threatened coercive fines in the amount of EUR 335,000. More: Wild Bunch AG: BaFin threatens coercive fines …

Date: 07.12.2016 - Topic Measures Snowbird AG: BaFin threatens coercive fines

On 29 November 2016 BaFin ordered Snowbird AG to comply with the financial reporting requirements pursuant to sections 37v et seq. of the Securities Trading Act (WertpapierhandelsgesetzWpHG) and threatened coercive fines in the amount of EUR 335,000. More: Snowbird AG: BaFin threatens coercive fines …

Date: 24.11.2016 - Topic Measures Abwicklungsgesellschaft Rösch AG Medizintechnik: BaFin threatens coercive fines

On 25 May 2016 BaFin ordered Abwicklungsgesellschaft Rösch AG Medizintechnik to comply with the financial reporting requirements pursuant to sections 37v et seq. of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and threatened coercive fines in the amount of EUR 335,000. More: Abwicklungsgesellschaft Rösch AG Medizintechnik: BaFin threatens coercive fines …

Su­per­vi­so­ry mea­sures

BaFin has extensive powers to put an end to unauthorised banking, insurance or investment business. It can also adopt measures against supervised banks, insurers and investment companies.

Aufsichtliche Maßnahmen (refer to: Supervisory measures)

New documents

Topic AuthorisationGuid­ance no­tice for the au­tho­ri­sa­tion of in­sur­ance joint-stock com­pa­nies for pur­suit of prop­er­ty and ca­su­al­ty in­sur­ance busi­ness

Guidelines for the authorisation of insurance joint-stock companies for pursuit of property and casualty insurance business as primary insurance undertakings within the Federal Republic of Germany

Contacts

Con­sumers

Are you having problems with a bank or an insurance company? Find out more about how to complain and the points of contact.

Ansprechpartner für Verbraucher (refer to: Consumers)

For whistle­blow­ers

BaFin receives disclosures about actual or suspected violations of supervisory provisions.

Whistleblower (refer to: For whistleblowers)

Quick links

Datenbanken

Databas­es

You can search for companies which hold an authorisation, have passed the EU/EEA notification procedure or have established a representative office in Germany. Other databases include information on investment funds, prospectuses filed and more.

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MVP Portal

MVP Por­tal

This service is intended for those providers who would like to meet BaFin's notification, reporting and transmission requirements on the basis of a simple and secure electronic data exchange system or who are required to use the Reporting and Publishing Platform.

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Hinweisgeberportal

Whistle­blow­ers

Do you wish to disclose actual or suspected violations of supervisory provisions? You can send such information anonymously to BaFin's central contact point for whistleblowers.

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Ausschreibungen

Calls for ten­der

Calls for tender and tender specifications are only available in German.

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