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…
BaFin Guidance Notice on planned reforms regarding managing directors pursuant to the KWG, ZAG and KAGB (part 1)
BaFin is currently working on updating its “guidance notice on managing directors pursuant to the KWG, ZAG and…
PayTechTalk 55 – The digital programmable euro
Our 55th episode of PayTechTalk is a special one as it is a co-production between us and the…
Commission increases its fight against money laundering and terrorism financing
The EU Commission increases its fight against money laundering – will this pave the way for a new…
PayTechTalk 54 – Blockchain and crypto regulation from the UK and the German perspective
In today’s episode of PayTechTalk, I talk to crypto and Blockchain experts James Burnie (gunnercooke) and Alireza Siadat…