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Erscheinung:19.03.2024 | Topic Unauthorised business, Prospectuses, Consumer protection Burber­ry­in­vest: BaFin in­ves­ti­gates pur­port­ed sale of Tik­Tok shares

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered by Burberryinvest, based in New York, United States of America, and in London, United Kingdom. The company is offering financial and investment services without authorisation under the German Banking Act (KreditwesengesetzKWG) or the German Investment Firm Act (WertpapierinstitutsgesetzWpIG). Specifically, the company is leading investors to believe it can sell them shares in the Beijing-based company Bytedance Technology Ltd. (“TikTok shares”). In addition, BaFin has not received a securities prospectus from the company; the prospectus is required under the German Securities Prospectus Act (WertpapierprospektgesetzWpPG) for an offer of shares to the public.

More: Burberryinvest: BaFin investigates purported sale of TikTok shares …

Erscheinung:18.03.2024 | Topic Measures Deutsche Bank AG: BaFin im­pos­es ad­min­is­tra­tive fine

The Federal Financial Supervisory Authority (BaFin) has imposed an administrative fine of 50,000 euros on Deutsche Bank AG. The fine was imposed because BaFin ascertained that the institution had communicated incorrect information regarding a major customer-relevant IT security incident occurring in the provision of payment services in 2023. Moreover, the bank had informed BaFin of the incident with a significant delay.

More: Announcement …

Erscheinung:18.03.2024 | Topic Unauthorised business, Consumer protection Blues­tarPros: BaFin warns con­sumers about the web­site blues­tar-pros.com

The Federal Financial Supervisory Authority (BaFin) warns consumers about the company BluestarPros and the services it is offering. BaFin suspects the unknown operators of the website bluestar-pros.com of offering consumers financial and investment services without the required authorisation. The operators claim the website is a platform where consumers can trade in shares, bonds, currencies, commodities and crypto assets.

More: BluestarPros: BaFin warns consumers about the website bluestar-pros.com …

Erscheinung:18.03.2024 | Topic Unauthorised business, Consumer protection pro­trade24.net: BaFin in­ves­ti­gates the com­pa­ny Pro­Trade24

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the online trading platform ProTrade24. BaFin has information that the platform operators are conducting banking business and/or providing financial services on the website protrade24.net without the required authorisation. The company is not supervised by BaFin.

More: protrade24.net: BaFin investigates the company ProTrade24 …

Warnings and notes for consumers

Erscheinung:19.03.2024 | Topic Unauthorised business, Prospectuses, Consumer protection Burber­ry­in­vest: BaFin in­ves­ti­gates pur­port­ed sale of Tik­Tok shares

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered by Burberryinvest, based in New York, United States of America, and in London, United Kingdom. The company is offering financial and investment services without authorisation under the German Banking Act (KreditwesengesetzKWG) or the German Investment Firm Act (WertpapierinstitutsgesetzWpIG). Specifically, the company is leading investors to believe it can sell them shares in the Beijing-based company Bytedance Technology Ltd. (“TikTok shares”). In addition, BaFin has not received a securities prospectus from the company; the prospectus is required under the German Securities Prospectus Act (WertpapierprospektgesetzWpPG) for an offer of shares to the public.

More: Burberryinvest: BaFin investigates purported sale of TikTok shares …

Erscheinung:18.03.2024 | Topic Unauthorised business, Consumer protection Blues­tarPros: BaFin warns con­sumers about the web­site blues­tar-pros.com

The Federal Financial Supervisory Authority (BaFin) warns consumers about the company BluestarPros and the services it is offering. BaFin suspects the unknown operators of the website bluestar-pros.com of offering consumers financial and investment services without the required authorisation. The operators claim the website is a platform where consumers can trade in shares, bonds, currencies, commodities and crypto assets.

More: BluestarPros: BaFin warns consumers about the website bluestar-pros.com …

Erscheinung:18.03.2024 | Topic Unauthorised business, Consumer protection pro­trade24.net: BaFin in­ves­ti­gates the com­pa­ny Pro­Trade24

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the online trading platform ProTrade24. BaFin has information that the platform operators are conducting banking business and/or providing financial services on the website protrade24.net without the required authorisation. The company is not supervised by BaFin.

More: protrade24.net: BaFin investigates the company ProTrade24 …

Erscheinung:15.03.2024 | Topic Unauthorised business, Consumer protection ar­chax-fi­nance.com: BaFin warns con­sumers about web­site

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website archax-finance.com. According to information available to BaFin, the operator is providing financial and investment services on this website without the required authorisation.

More: archax-finance.com: BaFin warns consumers about website …

New documents

Topic ResolutionCir­cu­lar 01/2024 (A)

Circular 01/2024 (A) - Minimum requirements for resolvability within the scope of resolution planning (MaResolvability)

Topic Risk managementCir­cu­lar 05/2023 (BA) - Min­i­mum Re­quire­ments for Risk Man­age­ment (MaRisk)

Annotated text of the Minimum Requirements for Risk Management (MaRisk) in the version of 29.06.2023.

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

An­nu­al Re­port 2022

BaFin Annual Report 2022