EBA consults on guidelines on the limited network exclusion under PSD2
On July 15, 2021, the European Banking Authority (EBA) published a consultation draft on guidelines on the limited…
“How safe is my money?” Safeguarding of customer funds held by payment and e-money institutions
Since 2020 at the latest, many customers of payment and e-money institutions (PSPs) have been concerned with one…
Strengthening Germany as a fund jurisdiction and promoting start-ups through the Fund Jurisdiction Act
On 22 April 2021, the Fund Jurisdiction Act (Fondsstandortgesetz – FoStoG)[1] was passed by the German parliament (Bundestag).…
New supervisory regime for investment firms through the WpIG
According to the government draft, investment firms will be subject to a completely new supervisory regime – the…
New authorisation requirement for financial holding companies – consequences for Fintechs
Holding companies that are at the head of a group supervised by the supervisory authority on a pooled…
Much longed for: The amendment of the Application Decree re section 154 AO (AEAO re section 154)
On 20 January 2021, the Federal Ministry of Finance (BMF) published amendments to the Application Decree for the…
Draft bill on the Financial Market Integrity Strengthening Act (FISG) – Increased controls, more sovereign powers and threats of punishment as a deterrent
On October 26, 2020, the German Federal Ministry of Finance (Bundesministerium der Finanzen – BMF) and the German…
From ‘A for acquirer’ to ‘Z for ZAG licence’: our PayTechLaw glossary gives guidance
Update | 3.11.2020 265 glossary terms. These are 136 German and 129 English explanations of industry-specific technical terms,…
BaFin inspecting general terms and conditions: What do payment and other financial services providers need to be aware of?
When drafting general terms and conditions (“T&C”), the “opponents” are generally your contractual partners as well as consumer…
BaFin Guidance Notice on planned reforms regarding members of management / supervisory bodies (part 2)
In part 1, we provided some background information to the updated BaFin guidance notices entitled “Guidance Notice on…