German Securities Trading Act
Automatically as a free financial investment advisor to build such an already existing structure is enormously time consuming, if not completely impossible. There is also the possibility to develop their own investment strategies and to implement them in the daily business depending on the structure of the MiFID tied agent regime. Mostly accessible back here on a broad portfolio, which also do not need to hide such a bank. The essential point at the entrance to the roof of a liability is the right choice before. In an activity in a MiFID that doesn’t fit to the own business idea, the output of products can be torturous.
Due to contractual agreements, a change of the MiFID tied agent regime sometimes as difficult can be. Therefore, a precise balancing of the entry opportunities should be done in advance. The consultant has to strictly the rules of the German Securities Trading Act (WpHG) and German Banking Act (KWG) acquisition of activities under one roof of liability Note where this requirement is mandatory to be considered, and are subject to future free consultant of a restrictive control. A significant disadvantage can not speak of therefore. Also be taken into account, that can be worked only for a MiFID and consequently not the variant opens up more track to drive. As a result, it can be stated that a MiFID for financial investment intermediaries just after entry into force of the section 34f GewO at the beginning of the year has once again gained relevance. The nature of liability roofs is of different nature, so that everyone in a program should find themselves.
The decisive factor it called but also once again: only the activities under one MiFID operating the personal interests according to can be successful in the long term. Contact: Bernd rechtsanwalts GmbH Wilhelm-Weber-str. 39 37073 Gottingen phone: + 49 (0) 551 495 669-0 fax: + 49 (0) 551 495 669-19 Bernd rechtsanwalts GmbH with the locations in Dusseldorf, Gottingen and Hannover serves and represents companies, initiators, financial institutions and investors in all aspects of economic and capital market law. Focus is here on corporate and project finance, in particular the concept of capital market products and the creation of prospectuses as well as the financial services and capital market law, in particular in connection with the enforcement and defense of claims and disputes with the BFin.