Christoph Enderstein

Subscribe to all posts by Christoph Enderstein

Futures: German regulator prohibits marketing to retail clients

By Christoph Enderstein and Michael Born (DE) on Posted in Banking, Financial Institutions, Germany, MiFID II, Regulation and Compliance, Retail
The German Federal Financial Supervisory Authority (Bundes­anstalt für Finanz­dienst­leistungs­aufsicht – BaFin) makes use of its product intervention powers under the European Markets in Financial Instruments Regulation (MiFIR): Under a general administrative act (All­ge­mein­ver­fügung) dated 30 September 2022 (link to English convenience translation), BaFin prohibited the marketing, distribution and sale of futures to retail clients domiciled in … Continue Reading

KryptoFAV: Germany introduces crypto fund units as part of dematerialisation of securities law

By Christoph Enderstein and Michael Born (DE) on Posted in Collective Investment Schemes, Crypto assets, DLT, Financial Institutions, Fintech, Germany, Securities
Germany further broadens the scope of its new legislative regime for electronic securities: On 18 June 2022, the German Regulation on Crypto Fund Units (Verordnung über Krypto­fonds­an­teile – KryptoFAV; link) entered into force. The KryptoFAV introduces the possibility to issue units in common funds (Sonder­ver­mögen) via decentralised crypto securities registers which are typically based on distributed ledger … Continue Reading
LexBlog