On October 22, 2025, the German regulator, the Federal Financial Supervisory Authority (BaFin), issued a Circular on management board members and on members of administrative and supervisory bodies pursuant to the German Banking Act (Kreditwesengesetz – KWG). The Circular replaces two BaFin Guidance Notices: (i) The Guidance Notice on management board members pursuant to the
BaFin restricts trading in turbo certificates
On October 15, 2025, the German regulator, the Federal Financial Supervisory Authority (BaFin), issued a general administrative act ( Produktinterventionsmaßnahme – Allgemeinverfügung BaFin 15 October 2025 ) concerning turbo certificates. The measure aims to strengthen investor protection when trading these highly speculative leveraged products. The product intervention measure restricts the marketing, distribution and sale of
UK investment funds´ mandatory marketing notification procedures for Germany after 31 December 2020
On 19 November 2020, the German Regulator (BaFin) issued a notice on UK investment funds and their status in light of the imminent expiry of the transition period and the UK qualifying as a third country after 31 December 2020.
Currently, UK UCITS and AIFs benefit from the EU-passport regime, which facilitates marketing of EU-UCITS