BaFin Administrative Acts

BaFin Order on Insurance Undertaking Complaints Management

BaFin has issued an administrative act ordering primary insurers authorized to conduct cross-border business in Germany to establish a complaints management function. Insurers must also submit an annual report on complaints received, detailing complaint types, causes, and resolution status.

BaFin - Countercyclical Capital Buffer Rate Set to 0%

BaFin has issued a general administrative act setting the rate for the countercyclical capital buffer at 0% effective January 1, 2016. This decision is based on an analysis of the credit-to-GDP gap and other economic indicators, which indicated no need for an active buffer at this time.

BaFin Administrative Act on Netting Agreements

BaFin issued a general administrative act to ensure legal certainty for netting agreements under German insolvency law. This act clarifies the settlement of contractual netting agreements for institutions and their counterparties, applying from June 10, 2016, until December 31, 2016.

BaFin Hearing on Prohibition of Credit-Linked Notes to Retail Clients

BaFin has issued a hearing regarding a proposed administrative act to prohibit the marketing, distribution, and sale of credit-linked notes to retail clients. The comment period for this proposed prohibition closes on September 2, 2016.

BaFin Administrative Act on CFD Marketing and Distribution

BaFin has issued a general administrative act prohibiting the marketing, distribution, and sale of Contracts for Difference (CFDs) to retail clients if they may result in an additional payment obligation. This measure aims to protect retail investors from potentially unlimited losses.

BaFin Prohibits Net Short Positions in Wirecard AG Shares

Germany's BaFin has issued an administrative act prohibiting the establishment and increase of net short positions in Wirecard AG shares. This measure is in response to adverse events threatening market confidence and is effective until April 18, 2019.

BaFin Issues General Administrative Act on Binary Options

The German Federal Financial Supervisory Authority (BaFin) has issued a general administrative act prohibiting the marketing, distribution, or sale of binary options to retail clients. This action aligns with EU-wide measures and aims to enhance investor protection.

BaFin General Administrative Act on Contracts for Differences (CFDs)

BaFin has issued a general administrative act concerning contracts for differences (CFDs) for retail clients, referencing EU Regulation No 600/2014 (MiFIR). This act outlines restrictions on the marketing, distribution, and sale of CFDs to retail clients, building upon previous BaFin and ESMA measures.

BaFin General Administrative Act on Countercyclical Capital Buffer

BaFin has issued a general administrative act increasing the domestic countercyclical capital buffer rate to 0.25%. This change is effective July 1, 2019, and will be used for institution-specific calculations starting July 1, 2020. The act applies to various financial institutions.

BaFin Decreases Domestic Countercyclical Capital Buffer Rate

BaFin has issued a General Administrative Act reducing the domestic countercyclical capital buffer rate to 0% effective April 1, 2020. This measure aims to support credit institutions during the current economic situation.