BaFin

News

Date: 14.01.2019 | Topic Unauthorised business CCFDbank has no authorisation under section 32 of the German Banking Act (Kreditwesengesetz – KWG)

The Federal Financial Supervisory Authority (Bundesanstalt für FinanzdienstleistungsaufsichtBaFin) wishes to state that it has not granted CCFDbank authorisation under section 32 of the KWG to conduct banking business or provide financial services. The company is not subject to supervision by BaFin.

More: CCFDbank has no authorisation under section 32 of the German Banking Act (Kreditwesengesetz – KWG) …

Date: 14.01.2019 | Topic Industry figures Reinsurance statistics: BaFin publishes English translation

BaFin has published the English translation of the 2017/2018 statistics on reinsurance undertakings on its website.

More: Reinsurance statistics: BaFin publishes English translation …

Date: 20.12.2018 | Topic Consumer protection BaFin plans renewed national restriction on CFDs for retail investors

After preparing for the expiry of the product intervention measure imposed by the European Securities and Markets Authority (ESMA) with regard to binary options, the Federal Financial Supervisory Authority (Bundesanstalt für FinanzdienstleistungsaufsichtBaFin) is now doing the same regarding contracts for difference (CFDs). BaFin plans to renew the restriction on the marketing, distribution and sale of CFDs to retail clients in Germany.

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Date: 29.11.2018 | Topic Consumer protection BaFin plans national prohibition of binary options for retail clients

The German Federal Financial Supervisory Authority (Bundesanstalt für FinanzdienstleistungsaufsichtBaFin) is planning to prohibit the marketing, distribution and sale of binary options to retail clients at a national level. For this purpose, it has today published the draft version of a general administrative act (only available in German). The German supervisor is thus already preparing for the expiry of the product intervention measure imposed by the European Securities and Markets Authority (ESMA).

More: BaFin plans national prohibition of binary options for retail clients …

Measures

Date: 14.01.2019 | Topic Measures Publication of financial reports: Federal Office of Justice imposes disciplinary fine against Fritz Nols AG

On 31 August 2018, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 2,500 euros against Fritz Nols AG.

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Date: 10.01.2019 | Topic Measures Publication of financial reports: Federal Office of Justice imposes disciplinary fine against Panamax Aktiengesellschaft

On 7 November 2018, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 2,500 euros against Panamax Aktiengesellschaft.

More: Publication of financial reports: Federal Office of Justice imposes disciplinary fine against Panamax Aktiengesellschaft …

Date: 08.01.2019 | Topic Measures Publication of financial reports: Federal Office of Justice imposes disciplinary fine against Wild Bunch AG

On 19 November 2018, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 2,500 euros against Wild Bunch AG.

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Date: 07.01.2019 | Topic Measures Maier + Partner Aktiengesellschaft: BaFin imposes administrative fine

On 5 December 2018, BaFin imposed administrative fines amounting to 75,000 euros against Maier + Partner Aktiengesellschaft.

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New documents

Topic Industry figuresStatis­tics from BaFin - Rein­sur­ance un­der­tak­ings 2017/2018

Statistics from BaFin - Reinsurance undertakings 2017/2018

Con­trac­tu­al recog­ni­tion of tem­po­rary sus­pen­sion of ter­mi­na­tion rights

Please note: This is a non-binding convenience translation provided for information purposes only.

Attachments

Topic Insurance intermediariesCir­cu­lar 11/2018 (VA) – In­sur­ance Dis­tri­bu­tion

Circular 11/2018 (VA) – Insurance Distribution (Rundschreiben 11/2018 zur Zusammenarbeit mit Versicherungsvermittlern sowie zum Risikomanagement im Vertrieb) in the version of 17 July 2018

Please note: This English version is provided for information purposes only. The original German text is binding in all respects.