Regulatory Alerts2025-01-27
Guideline on the Granting of Authorization for Providing Securities Services under Section 15 WpIG
The Deutsche Bundesbank issues this guideline to provide companies with essential information regarding the authorization process for providing securities services under Section 15 of the Securities Trading Act (WpIG). The document defines the scope of licensable securities services, ancillary services, and financial instruments, while detailing the specific requirements for applicants, including capital adequacy, fit and proper assessments for management, and procedures for cross-border operations. It further outlines the legal consequences of operating without authorization and provides contact information for regulatory inquiries.
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