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Erscheinung:24.06.2024 | Topic Unauthorised business, Consumer protection Cryp­to trad­ing plat­forms: BaFin warns con­sumers about the web­site tonar­ix.ai

The Federal Financial Supervisory Authority (BaFin) is currently investigating the operator of the website tonarix.ai. BaFin suspects the operator of this platform of offering consumers banking and financial services without the required authorisation.

More: Crypto trading platforms: BaFin warns consumers about the website tonarix.ai …

Erscheinung:21.06.2024 Ukraini­an and Ger­man fi­nan­cial su­per­vi­so­ry au­thor­i­ties ex­pand part­ner­ship

The Federal Financial Supervisory Authority (BaFin) and the Ukrainian National Securities and Stock Market Commission (NSSMC) plan to work together more closely in future. On 17 June, BaFin President Mark Branson and NSSMC Chairman Ruslan Magomedov signed an institutional partnership agreement in Bonn. By doing so, the two supervisory authorities are expanding the cooperation they announced earlier this year.

More: Ukrainian and German financial supervisory authorities expand partnership …

Erscheinung:21.06.2024 | Topic Unauthorised business, Consumer protection mbtc.ai: BaFin in­ves­ti­gates the com­pa­ny MBTC

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered by the operator of the online trading platform MBTC. BaFin has information that the company is offering banking business and/or financial services on its website mbtc.ai without the required authorisation. The company is not supervised by BaFin.

More: mbtc.ai: BaFin investigates the company MBTC …

Erscheinung:21.06.2024 | Topic Unauthorised business, Consumer protection Iden­ti­ty theft: Bafin warns con­sumers about web­site cmc-mar­ket.live

The Federal Financial Supervisory Authority (BaFin) warns consumers about the website cmc-market.live. According to information available to BaFin, financial and investment services are being provided on this website without the required authorisation. BaFin expressly points out that the licensed securities institutions CMC Markets Germany GmbH and Pepperstone GmbH contrary to the information in the imprint do not operate the website. This is a case of identity theft.

More: Identity theft: Bafin warns consumers about website cmc-market.live …

Warnings and notes for consumers

Erscheinung:24.06.2024 | Topic Unauthorised business, Consumer protection Cryp­to trad­ing plat­forms: BaFin warns con­sumers about the web­site tonar­ix.ai

The Federal Financial Supervisory Authority (BaFin) is currently investigating the operator of the website tonarix.ai. BaFin suspects the operator of this platform of offering consumers banking and financial services without the required authorisation.

More: Crypto trading platforms: BaFin warns consumers about the website tonarix.ai …

Erscheinung:21.06.2024 | Topic Unauthorised business, Consumer protection mbtc.ai: BaFin in­ves­ti­gates the com­pa­ny MBTC

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered by the operator of the online trading platform MBTC. BaFin has information that the company is offering banking business and/or financial services on its website mbtc.ai without the required authorisation. The company is not supervised by BaFin.

More: mbtc.ai: BaFin investigates the company MBTC …

Erscheinung:21.06.2024 | Topic Unauthorised business, Consumer protection Iden­ti­ty theft: Bafin warns con­sumers about web­site cmc-mar­ket.live

The Federal Financial Supervisory Authority (BaFin) warns consumers about the website cmc-market.live. According to information available to BaFin, financial and investment services are being provided on this website without the required authorisation. BaFin expressly points out that the licensed securities institutions CMC Markets Germany GmbH and Pepperstone GmbH contrary to the information in the imprint do not operate the website. This is a case of identity theft.

More: Identity theft: Bafin warns consumers about website cmc-market.live …

Erscheinung:17.06.2024 | Topic Unauthorised business, Consumer protection Lim­itrex: BaFin warns con­sumers about web­site lim­itrex.com

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website limitrex.com. According to information available to BaFin, the operator is providing financial and investment services on this website without the required authorisa-tion. The operator claims to be regulated in UK. This is not true.

More: Limitrex: BaFin warns consumers about website limitrex.com …

New documents

Topic GovernanceCir­cu­lar 11/2023 (VA) – Fit and prop­er as­sess­ment of the pro­fes­sion­al qual­i­fi­ca­tions and good re­pute of in­di­vid­u­als re­spon­si­ble for key func­tions or who car­ry out key func­tions, in ac­cor­dance with the In­sur­ance Su­per­vi­sion Act.

This circular provides explanations of the professional and personal requirements made of individuals who perform key functions (i.e. who are responsible for or act on behalf of the key function) and of the associated notification requirements based on the German Act on the Supervision of Insurance Under-takings (Versicherungsaufsichtsgesetz – VAG).

Topic GovernanceCir­cu­lar 10/2023 (VA) – Pro­fes­sion­al qual­i­fi­ca­tions (fit) and good re­pute (prop­er) of mem­bers of ad­min­is­tra­tive or su­per­vi­so­ry bod­ies in ac­cor­dance with the VAG

The circular provides explanations of the professional and personal requirements made of members of administrative or supervisory bodies and of the associated notification requirements based on the Ger-man Act on the Supervision of Insurance Undertakings (Versicherungsaufsichtsgesetz – VAG).

Topic GovernanceCir­cu­lar 9/2023 (VA) – Pro­fes­sion­al qual­i­fi­ca­tions (fit) and good re­pute (prop­er) of mem­bers of man­age­ment in ac­cor­dance with the VAG

This circular provides explanations of the professional and personal requirements made of individuals who are to be appointed to the senior management of an undertaking and of the associated notifica-tion requirements based on the German Act on the Supervision of Insurance Undertakings (Insurance Supervision Act (Versicherungsaufsichtsgesetz) – VAG).