On 2 October 2019, the European Securities and Markets Authority (ESMA) published updated versions of its Q&As on market structures topics and transparency topics under MiFID II and MIFIR.

The updated Q&As on market structures topics amends question 11 within section 4 – The tick size regime to clarify how to interpret the application of

On 24 July 2018, ESMA published a follow-up report to its peer review on suitability requirements under MiFID.

The report looks at the actions taken by National Competent Authorities (NCAs) since April 2016, when ESMA published its previous peer review report. Follow-up work was commenced in December 2017. The key points from the follow-up

On 2 November 2017 BaFin published an updated version of the MaComp Circular. The MaComp (Minimum Requirements for the Compliance Function and Additional Requirements Governing Rules of Conduct, Organisation and Transparency pursuant to Sections 31 et seq. of the Securities Trading Act (WertpapierhandelsgesetzWpHG) for Investment Services Enterprises) comprise all publications concerning

The German Financial Supervisory Authority (Bundesanstalt für FinanzdienstleistungsaufsichtBaFin) has organised a Conference on the implementation of the conduct of business requirements pursuant to MIFID II, which will take place on 27 October 2017. The Conference will be held at the German National Library in Frankfurt am Main. The agenda includes presentations

On 24 July, the German Financial Supervisory Authority (Bundesanstalt für FinanzdienstleistungsaufsichtBaFin) has published updated drafts of the Ordinance on the Examination of Investment Services Enterprises (Wertpapierdienstleistungs-PrüfungsverordnungWpDPV) and of the Securities Trading Act Employee Notification Regulation (WpHG-MitarbeiteranzeigeverordnungWpHGMaAnzV). A consolidated Version of the WpHGMaAnzV can

On 30 May, the German Financial Supervisory Authority (Bundesanstalt für FinanzdienstleistungsaufsichtBaFin) has published the drafts of the Ordinance on the Examination of Investment Services Enterprises (Wertpapierdienstleistungs-PrüfungsverordnungWpDPV) and of the Securities Trading Act Employee Notification Regulation (WpHG-MitarbeiteranzeigeverordnungWpHGMaAnzV).

Main content of the WpDPV draft

The

The German Federal Financial Supervisory authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) and the German Central Bank (Deutsche Bundesbank) are currently working on a draft proposal for the so-called “Small Banking Box” regulation. The aim of the “Small Banking Box” is to specify the principle of proportionality in banking regulation. The new

With the entry into force of the European Markets in Financial Instruments Directive II (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR), the Federal Financial Supervisory Authority (Bundesanstalt für FinanzdienstleistungsaufsichtBaFin) will assume new duties in relation to the authorisation and supervision of data reporting services