Regulatory Alerts2015-05-28
Added · Updated
Investor Compensation Act (Anlegerentschädigungsgesetz, or AnlEntG)
The German Federal Ministry of Finance enacted this Act to implement the EU Deposit Guarantee Schemes Directive by establishing a compensation scheme for investors. It mandates that licensed financial institutions join the scheme to cover liabilities from securities transactions, providing compensation up to 90% of losses with a cap of €20,000 per creditor. The Federal Financial Supervisory Authority (BaFin) determines compensation events and oversees the scheme, which is administered by KfW and funded by contributions from participating institutions.
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