News & Analysis as of

Germany Securities

McDermott Will & Schulte

Economic Ownership of Shares Transferred as Collateral

Dividends from shares are taxable for shareholders, even if the dividends do not remain with them economically. This (not entirely new) finding can be gleaned from a recent Federal Fiscal Court (BFH) ruling in which the...more

Mayer Brown

BaFin Provides Guidance on Accelerated Review of Equity Prospectuses

Mayer Brown on

In line with broader efforts to remove procedural deterrents from issuers engaging in securities offerings, for about the past year, the German Federal Financial Supervisory Authority (Bundesanstalt für...more

A&O Shearman

Regulatory monitoring - July 2024

A&O Shearman on

1. Bank regulation - 1.1 PRUDENTIAL REGULATION - a) General - (i) International - BCBS: Consultation on report regarding various technical amendments and FAQs - Status: Consultation - Deadline for the submission of...more

McDermott Will & Schulte

Update für Wertpapierinstitute: Wertpapierinstituts-Inhaberkontrollverordnung verkündet

Am 15. Januar 2024 wurde die Wertpapierinstituts-Inhaberkontrollverordnung im Bundesgesetzblatt verkündet, die Verordnung ist am heutigen Tage in Kraft getreten. Inhaberkontrollverfahren bei Wertpapierinstituten - Die...more

McDermott Will & Schulte

Update Zukunftsfinanzierungsgesetz – Fokus Aktien- und Kapitalmarktrecht

Mit dem ehrgeizigen Ziel, die Leistungsfähigkeit des deutschen Kapitalmarkts zu stärken und die Attraktivität des deutschen Finanzstandortes auf dem europäischen Finanzplatz zu erhöhen, wurde am 12. April 2023 der...more

McDermott Will & Schulte

BaFin hält Dark Patterns in Trading Apps und Tradingportalen für unzulässig

McDermott Will & Schulte on

Die Bundesanstalt für Finanzdienstleistungsaufsicht („BaFin“) hat am 21. November 2022 in einer Mitteilung klargestellt, dass Wertpapierdienstleistungsunternehmen in Trading Apps oder Tradingportalen keine Dark Patterns...more

Goodwin

Germany Introduces New Rules on Crypto Funds

Goodwin on

Germany has introduced a new regulation on crypto fund units (Verordnung über Kryptofondsanteile - KryptoFAV), that allows fund managers to issue fund units on an electronic instead of a physical basis. The new rules come...more

White & Case LLP

New German law introduces electronic securities

White & Case LLP on

The law will make German financial markets more competitive, allowing issuers and investors to benefit from efficiencies and lower transaction costs. A new German law introducing electronic securities is expected to take...more

McDermott Will & Schulte

BMF überarbeitet Anwendungsschreiben zum InvStG – Immobiliengesellschaften bei gleichzeitiger Fondsqualifikation für...

Ende 2019 legte das BMF den Entwurf für eine Änderung des Anwendungsschreibens zum Investmentsteuergesetz vor, der das bestehende Anwendungsschreiben insbesondere um Aspekte von Spezial-Investmentfonds (sog....more

White & Case LLP

Update on the Status of Initial Coin Offerings in Europe

White & Case LLP on

With crypto-currencies on the rise and technological developments providing great opportunities in the financial services sector, Initial Coin Offerings ("ICO") provide an innovative way of raising capital. They are...more

Latham & Watkins LLP

BaFin Publishes Statement on ICO and Token Regulation

Latham & Watkins LLP on

BaFin, the German Federal Financial Services Supervisory Authority, joins global regulators in releasing guidance for German ICO issuers and advisors. The growing number and commercial significance of cryptographic token...more

Skadden, Arps, Slate, Meagher & Flom LLP

Europe Insights

Despite a year of continued global political uncertainty and increasing enforcement, shareholder activism and foreign investment control activity, the 2018 outlook for Europe is positive overall. Skadden partners in the U.K.,...more

Jones Day

Deutsche Börse Introduces New Exchange Segment Scale

Jones Day on

On 1 March 2017, Deutsche Börse AG, the operator of the Frankfurt Stock Exchange, launched Scale, a new market segment for small and medium-sized enterprises ("SMEs"). Scale replaces Deutsche Börse's former market segment...more

Robins Kaplan LLP

Your daily dose of financial news - The Brief – 9.27.16

Robins Kaplan LLP on

We learned yesterday that Twitter’s shopping itself around for a buyer. It’s facing one big complication, though—the sizeable amount of stock Twitter has doled out to its employees over the years. Last year, for example,...more

Skadden, Arps, Slate, Meagher & Flom LLP

"Insider Trading Laws Complicate the Distribution of Research Reports in German IPOs"

Under German law, the preparation and distribution of predeal research reports — a common practice for German initial public offerings — raises certain insider trading law issues that recently have changed the manner in which...more

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