Regulatory Alerts2015-11-20
Guidance Notice on Holder Control Regulation
Issued by the Federal Financial Supervisory Authority (BaFin), this guidance establishes detailed notification requirements for qualifying holdings in German banking and insurance sectors under the Banking Act and Insurance Supervision Act. It requires applicants to submit specific evidence, including current certificates of good conduct, Central Trade and Industry Register excerpts, proof of fund origin, and strategic objectives, while providing simplified rules for complex participation structures. The framework defines the assessment timeline, grounds for prohibition, and disclosure forms to efficiently process acquisitions, increases, or reductions of qualifying stakes.
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