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  • Article

    PPWR In Der Anwendung: Was Die Neuen FAQ Klären

    Die EU-Verpackungsverordnung (PPWR) entfaltet seit August 2026 unmittelbare Rechtswirkungen in allen EU-Mitgliedstaaten. Die Europäische Kommission hat mit ihrer zweiten FAQ-Auflage wichtige Klarstellungen zur Rollenzuordnung, Erzeugerverantwortung bei Eigenmarken und Transportverpackungen sowie zum behördlichen Vollzug geliefert. Unternehmen müssen ihre Position in der Wertschöpfungskette präzise bestimmen und die damit verbundenen Compliance-Pflichten erfüllen.
    European UnionCorporate/Commercial Law
    PwC Legal Germany
    PwC Legal Germany
  • Article

    ECB-SSM Decision On Total Amount Of Annual Supervisory Fees For 2021 Published

    On 31 March 2022, the Official Journal of the European Union published Decision (EU) 2022/514 of the European Central Bank on the total amount of annual supervisory fees levied under the single supervisory mechanism for 2021.
    European UnionFinance and Banking
    PwC Legal Germany
    PwC Legal Germany
  • Article

    SRB Publishes Second Report On Resolution Planning And Crisis Management For LSIs In 2023 And 2024

    On 12 September 2024, the Single Resolution Board (SRB) published its second report (the Report) on resolution planning and crisis management for smaller banks...
    WorldwideFinance and Banking
    PwC Legal Germany
    PwC Legal Germany
  • Article

    Demystifying DeFi In MiCAR

    The EU's Markets in Crypto-Assets Regulation (MiCAR)Show Footnote, which becomes fully operational from 31 December 2024, is designed to regulate crypto-asset issuers (CAIs) and crypto-asset service providers (CASPs).
    GermanyTechnology
    PwC Legal Germany
    PwC Legal Germany
  • Article

    Konzernrecht – Das Konzerninteresse und seine Legitimation im Vertrags- und im faktischen Konzern

    German corporate law faces a fundamental challenge in balancing the economic interests of a corporate group with the legal principle that each subsidiary remains an independent legal entity. This article examines how the concept of 'group interest' (Konzerninteresse) operates within different corporate structures, exploring the tension between centralized group management and the protection of dependent companies, minority shareholders, and creditors.
    GermanyCorporate/Commercial Law
    PwC Legal Germany
    PwC Legal Germany
  • Article

    Court Of Justice Of The European Union Clarifies Expectations On Consumer Protection And Mortgage Enforcement

    On 24 June 2025, the Court of Justice of the European Union (CJEU) published its judgment in Case C-351/23 (GR Real) (the Judgment). The case arose from a Slovak context...
    GermanyConsumer Protection
    PwC Legal Germany
    PwC Legal Germany
  • Article

    The European Accessibility Act: An Overview What's Changing And For Whom

    The EU's Directive referred to as the European Accessibility Act (the EAA)Show Footnote came into force on 27 June 2019 with the goal of addressing a divergence...
    GermanyFinance and Banking
    PwC Legal Germany
    PwC Legal Germany
  • Article

    Catching Up On The EU's Proposal For A Directive For Resilience Of Critical Entities

    In addition to the proposal (published September 2020), aimed at regulated financial services providers, for an EU Regulation on digital operational resilience for financial services, the EC in December 2020 proposed an "all-hazards" framework ...
    European UnionFinance and Banking
    PwC Legal Germany
    PwC Legal Germany
  • Article

    ESMA Releases 2024 Annual Report – Key Developments, Regulatory Initiatives And Strategic Priorities

    The European Securities and Markets Authority (ESMA) published its 2024 Annual Report in June 2025 (the Report), providing a comprehensive overview...
    GermanyFinance and Banking
    PwC Legal Germany
    PwC Legal Germany
  • Article

    Single Resolution Board Publishes Its Annual Work Programme 2025

    Every year, usually during the fourth quarter, the Banking Union relevant authorities, comprised of the European Central Bank (ECB), acting at the helm of the Single Supervisory Mechanism (SSM)...
    GermanyFinance and Banking
    PwC Legal Germany
    PwC Legal Germany
  • Article

    Taking Stock Of The Single Resolution Board's New Single Resolution Mechanism Vision 2028 Strategy

    After a year in the making, the Single Resolution Board (SRB) used its annual conference on 13 February 2024 to announce (i) that the Single Resolution Fund...
    European UnionFinance and Banking
    PwC Legal Germany
    PwC Legal Germany
  • Article

    Clean Industrial Deal, Action Plan For Affordable Energy And Omnibus Packages I And II

    On February 26, the European Commission (EU Commission) presented various measures to strengthen the competitiveness of European industry...
    European UnionEnergy and Natural Resources
    PwC Legal Germany
    PwC Legal Germany
  • Article

    Revisiting The CJEU's Ruling On CRA Scoring And Data Retention – Key Considerations For Market Participants

    In the context of financial services in Germany, the Schutzgemeinschaft für allgemeine Kreditsicherung (SCHUFA) is one of the leading private credit reference agencies (CRAs) that collects individuals' credit...
    GermanyFinance and Banking
    PwC Legal Germany
    PwC Legal Germany
  • Article

    AMLA Signs MoUs With ECB-SSM And ESAs On Cooperation And Information Exchange In The Performance Of Their Respective Tasks

    On 27 June 2025, the EU's new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) signed a Memorandum of Understanding (MoU) with the European Central Bank (ECB)...
    GermanyFinance and Banking
    PwC Legal Germany
    PwC Legal Germany
  • Article

    Joint ESA Response To The EU Commission On Digital Finance

    The three European supervisory authorities, EBA, EIOPA and ESMA (ESAs), published a joint report on February 7, 2022, in response to the European Commission's February 2021 call for views on digital finance.
    European UnionFinance and Banking
    PwC Legal Germany
    PwC Legal Germany
  • Article

    ECJ Ruling On The Independence Of National Resolution Authorities – Strengthening Of Shareholder And Bondholder Rights

    On 12 December 2024, the European Court of Justice (ECJ) published its ruling in case C-118/23 (Getin Holding and Others) concerning a Polish bank's resolution.
    GermanyCorporate/Commercial Law
    PwC Legal Germany
    PwC Legal Germany
  • Article

    ESMA Issues Comprehensive Registration Guide For Financial Entities Under Its Direct Supervision

    On 14 August 2025, the European Securities and Markets Authority (ESMA) published a detailed Registration Guide for financial entities seeking to operate under its direct supervision...
    European UnionFinance and Banking
    PwC Legal Germany
    PwC Legal Germany
  • Article

    Updates As To The BaFin Information Sheet On The Authorisation Procedure For AIF Management Companies

    In a publication dated 9 September 2025, the German Federal Financial Supervisory Authority (BaFin) published a draft of the revised ‘Information sheet on the authorisation procedure...
    GermanyFinance and Banking
    PwC Legal Germany
    PwC Legal Germany
  • Article

    NPE Guidelines For LSIs: ECB-SSM Launches Consultation

    On 15 September 2025, the European Central Bank (ECB), acting in its role at the head of the Single Supervisory Mechanism (SSM) pillar of the EU's Banking Union, launched a public consultation on new guidelines for dealing with non-performing exposures (NPEs) at less significant institutions (LSIs) (the LSI NPE Guidelines).
    GermanyFinance and Banking
    PwC Legal Germany
    PwC Legal Germany
  • Article

    EBA Publishes Report On Exemption Of Third Country Entities From The Requirement To Set Up A Branch For The Provision Of Banking Services To EU Financial Sector Entities

    EBA publishes report on exemption of third country entities from the requirement to set up a branch for the provision of banking services to EU financial sector entities...
    GermanyFinance and Banking
    PwC Legal Germany
    PwC Legal Germany

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