Erscheinung:08.04.2011 "Duetsche Anstalt für Finanzdienstleistungsaufsicht" and “Financial Services Regulatory Authority of Frankfurt” are not German supervisory authorities
For some time now, a "Duetsche Anstalt für Finanzdienstleistungsaufsicht (DAFin)" and a “Financial Services Regulatory Authority of Frankfurt (FSRAF)” have been presenting themselves on their own websites, www.dafin.org and www.fsraf.org, as the financial supervisory authority for Germany. BaFin wishes to point out that no supervisory authority with the name "DAFin" or “FSRAF” exists in the Federal Republic of Germany.
The authorisation and supervision of credit, financial services and payment services institutions are conducted exclusively by BaFin (the Federal Financial Supervisory Authority) and the German Bundesbank; BaFin is exclusively responsible for private insurance companies. In recent months, there has been an increasing incidence of websites appearing which purport to be the official website of a national supervisory authority. For example, in October 2010 BaFin drew attention on its website to the fact that the so-called Frankfurt Financial Supervisory Authority (FFSA) is not a German supervisory authority.
