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Michael Huertas examines the future direction of financial supervision in Europe against the backdrop of the EU's Savings and Investments Union and the Market Integration and Supervision Package. The article explores the ongoing debate between national supervisory autonomy and greater European oversight, analysing the implications for capital market integration, competitiveness and cross-border financial services.

European asset managers are excited about the revised European long-term investment funds (ELTIF) regime and hope that the greater flexibility...

It remains to be seen, which specific evidence will have to be provided in order to prove a tax-neutral repayment of contributed equity.

Genussrechte sind eine beliebte Form der Beteiligung an Unternehmen, insbesondere im Bereich von Venture Capital/Startups.

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").

Die Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) hat einen Konsultationsentwurf zu den umfassenden Änderungen im Kapitalanlagegesetzbuch durch das Fondsrisikobegrenzungsgesetz veröffentlicht. Welche neuen Anforderungen gelten für Geschäftsleiter von Kapitalverwaltungsgesellschaften, und wie wirken sich die Regelungen zu MiFID-Dienstleistungen auf bestehende Erlaubnisse aus? Der Entwurf gewährt in vielen Bereichen Bestandsschutz für bereits etablierte Strukturen.

The European Parliament has tabled over 1,900 amendments to the Market Integration and Supervision Package, transforming it from a straightforward proposal into a complex negotiation between competing models for European market supervision and infrastructure. As the Commission's original December 2025 proposal becomes obsolete and multiple parliamentary drafts emerge with conflicting visions, financial firms face critical questions about which supervisory architecture will ultimately govern their licenses

The hunt for positive yield will increase during the pandemic recovery phase, leading investors to reallocate portfolios beyond fixed income and equities, writes Vjollca Berisha.

In Germany, lawyers are largely prohibited from offering litigation funding and agreeing on a performance-based fee. Legal tech providers who are not lawyers, on the other hand...

Being online has become a firm part of our lives. This has been accelerated in no uncertain terms by the COVID-19 pandemic and the resulting lockdowns.

Today, two weeks after the German Federal Parliament ("Bundestag"), the German Federal Council ("Bundesrat") also passed the Tax Amendment Act 2022 (Jahressteuergesetz 2022).

Improving cybersecurity and resilience of financial services, certainly those performing critical economic functions, has been a long-standing priority of legislative policymakers but also supervisory authorities.

On 7 May 2024, the European Banking Authority (EBA) published three sets of final draft regulatory technical standards (RTS) and one set of final draft implementing technical standards ...

For now, all eyes are tilted to Berlin to see how the coalition construction challenge will play out and what makes it into any coalition agreement.

On 9 February 2026, the Location Promotion Act (Standortfördergesetz, StoFöG) was published in the Federal Law Gazette (Bundesgesetzblatt).

After it had not been passed in the mediation committee in the past legislative period, the act on the adaption of the German Investment Tax Act and other acts to the AIFM Implementation Act has now been adopted at the second attempt.

On 24 September 2020, the European Commission unveiled its Digital Finance Package. The package covers 5 key areas...

Interest of the financial services industry in environmental, social and governance matters has surged in recent years driven mainly by rapid regulatory developments and the rising investors' awareness about the climate change ...