A week or so ago the Retail Investor Protection Act (Kleinanlegerschutzgesetz) came into force. A copy of the Act, in German, is available here. Amongst other things, the Act has given BaFin - the federal financial supervisory authority - new powers to restrict or prohibit the sale of certain products; it has also introduced new obligations for the providers of capital investments. Further information, in English, is available here.
Friday, 17 July 2015
Germany: Retail Investor Protection Act comes into force
A week or so ago the Retail Investor Protection Act (Kleinanlegerschutzgesetz) came into force. A copy of the Act, in German, is available here. Amongst other things, the Act has given BaFin - the federal financial supervisory authority - new powers to restrict or prohibit the sale of certain products; it has also introduced new obligations for the providers of capital investments. Further information, in English, is available here.
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