Turbo-Zertifikate mit Beißkorb Turbo Certificates on a Leash
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Turbo Certificates on a Leash

On 16 June 2026, BaFin’s general administrative order restricting the marketing, distribution and sale of turbo certificates enters into force. It establishes strict requirements for all distribution activities relating to turbo certificates directed at retail investors.
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Overview of programmes supporting startups and scaleups at the European and Luxembourg level 1
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Overview of programmes supporting startups and scaleups at the European and Luxembourg level

Despite thousands of start-ups, Europe still faces structural hurdles in its single market and financing landscape. The new TechEU programme, launched by the European Investment Bank, aims to mobilise up to €250 billion by 2027 to boost innovation. This article outlines the programme’s objectives and highlights complementary national initiatives such as the Luxembourg Future Funds.
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The WpI MaRisk – Guidelines for Investment Firms in Light of Proportionality 3
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The WpI MaRisk – Guidelines for Investment Firms in Light of Proportionality

In early August, BaFin published its draft of the WpI MaRisk – the minimum requirements for the risk management of investment firms. With this circular, now open for consultation, BaFin complements the institution-specific regulatory framework and establishes a flexible, practical approach to implementing proper business organisation in line with the WpIG.
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