Regulatory Alerts2024-03-07
Guidance Notice on trade suspension on non-exchanges in the context of bank resolution
BaFin issued this guidance notice to standardize how systematic internalisers and non-exchange trading facilities in Germany suspend or discontinue trading of financial instruments during bank resolution. The notice mandates that addressees promptly halt trading upon BaFin's publication of a resolution order, supported by targeted email notifications containing affected ISINs or blanket instructions. It requires these entities to maintain updated contact details, encrypted email channels, and robust technical-organizational processes to ensure timely implementation and confirmation of both trading suspensions and resumptions.
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