Friday November 24 2017
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: Germany
Link: https://goo.gl/Z84bmN
On 23rd November 2017, the Federal Financial Supervisory Authority (BaFin) amended provisions of the German Securities Trading Act which affect systematic internalisers. The new provisions mean that investment services enterprises which are active as systematic internalisers must notify BaFin of this without delay.
BaFin has created a standard form, which market participants can analyse in order to meet this requirement.
In addition, BaFin asks systematic internalisers to voluntarily suspend trading with certain financial instruments or to remove these instruments from trading up until the 3rd January 2018 when the legal provisions enter into force.
For additional information please click the link above