Thursday November 2 2017
News Source: Global Exchanges
Focus: MiFID (Global Exchanges)
Type: General
Country: Germany
Link: https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Meldung/2017/meldung_171102_macomp.html
The Federal Financial Supervisory Authority (BaFin) has announced that it will release an Amended Circular concerning MIFID II compliance.
The circular offers guidance to investment firms on the minimum requirements expected for compliance with the current Securities Trading Act (STA). The circular outlines which behavioural, organizational and transparency obligations are imposed by the STA and what is expected of Investment Firms in this regard.
This guidance is supplemented with a Consultation which outlines the planned MIFID Amendments to the STA. This is useful as such Amendments are German specific and are not covered in the European Securities and Markets Authority (ESMA) Consultation.
Recommendations to this Consultation must be submitted by the 30th November.
For additional information please click the link above