563 results found

On 12 December 2024, the European Securities and Markets Authority ("ESMA") published a consultation paper on draft regulatory technical standards ("RTS") on open-ended loan-originating alternative investment funds...

The European Central Bank (ECB) on 8 May 2024 published its Annual Report on Sanctioning Activities in the Single Supervisory Mechanism (SSM) for 2024 (the Report). Report provides a comprehensive account...

Recently the AIFM Transformation Act which, inter alia, has replaced the German Investment Funds Act by the German Capital Investment Act .

The German Act on the Adaption of Investment Fund Taxation in Connection with the AIFM Directive has been passed.

On August 22, 2024, Germany's Federal Fiscal Court (Bundesfinanzhof) published a decision that refocuses attention on the complexities of cross-border taxation...

Sustainability reporting is a hot topic as more and more companies are required to report on their sustainability efforts.

The European Central Bank (ECB) frequently provides legal opinions either on its own initiative or at the request of EU institutions or national authorities...

On 3 January 2022 the European Securities and Markets Authority published its Final Report on Guidelines on certain aspects of the MiFID II appropriateness and execution-only requirements.

The European Parliament has adopted its negotiating position on revising the Sustainable Finance Disclosure Regulation, introducing genuine ESG product categories while providing opt-out options...

On 15 April 2025, the European Securities and Markets Authority (ESMA) published its final reports on the Regulatory Technical Standards (RTS) and the Guidelines on Liquidity Management Tools (Guidelines).

The German Federal Financial Supervisory Authority (BaFin) on 1o February 2022 published its consumer protection warning to investors relying on investment tips in social media and investment platforms.

As explored in earlier Client Alerts,Show Footnote the European Securities and Markets Authority (ESMA) has a lot of priorities on its plate. In a letter dated 3 March but released 6 March 2025 (the 2025 Prioritisation Letter)...

The Federal Ministry for Economic Affairs and Energy has now published the long-awaited draft law revising the German Placement Agent Regulation ("FinVermV").

On 1 April 2026, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin)...

Germany's Crypto Markets Communication RegulationShow (Kryptomärktemitteilungs-Verordnung - KMMV) was announced in the Federal Law Gazette on 28 August 2025 based on the regulatory authority granted...

EU financial supervisory authorities have published their 2025 annual reports, revealing a fundamental shift from framework development to operational enforcement and implementation monitoring. The reports demonstrate how the European Banking Authority, ESMA, EIOPA, ECB-SSM, and Single Resolution Board are moving toward data-driven supervision, systematic DORA monitoring, and enhanced cross-sectoral coordination. What does this transition from rule construction to demonstrable, peer-comparable outcomes mean

The German Parliament adopted new regulatory requirements for algorithmic and high frequency trading.

Temporary use of existing internal models, subject to a strong roll-out plan and governance will be accepted...