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Sound knowledge for sound decisions
Insights
In the Kronsteyn knowledge section, we provide analyses, guides, and up-to-date assessments on German and European financial markets law – from EMIR/MiFIR to MiCAR and the KAGB/AIFMD, as well as sanctions and AML law. Precise, practice-oriented, and continuously updated.
CSDR Cash Penalties for Settlement Fails
Fines (also referred to as penalties or cash penalties) under the CSDR may be incurred in the settlement of securities transactions.
Apr 24, 20245 min read
German & EU legal advice for Russian companies (Art. 5n)
Article 5n EU 833/2014: when German/EU lawyers may advise Russian companies—what’s banned, what’s exempt, and how representation still works. Learn more.
Jan 25, 20246 min read
German Market Access for Non-EU/EEA Trading Venues – Special Licence Requirement Soon to be Abolished
Non-EU/EEA trading venues currently need a special BaFin licence for direct market access in Germany – but this requirement is set to be abolished under the Standortförderungsgesetz.
Jan 24, 20242 min read
Prudential Requirements Reliefs for German Branches of US Banks
German branches benefit from reliefs concerning prudential consolidation, capital requirements, leverage, and liquity and funding.
Jan 19, 20241 min read
Make-Whole Clauses under German Law - Legal Issues of Application (As at: Dec. 2023)
For bonds with make-whole clauses, it is unclear under German law whether a key information document (KID) under the PRIIPS is required
Feb 3, 20237 min read
BaFin License Requirement for Non-EU Firms for Banking and Financial Services in Germany
Kronsteyn Law Firm supports you to obtain a BaFin licence for providing banking and investment services in Germany under MiFID/CRD.
Dec 16, 202214 min read
What is a Market Maker?
Market makers add liquidity to the stock exchange by being continuously available to other trading participants for executions.
Nov 15, 202211 min read
How do Tick Sizes Affect Stock Exchange Trading?
"Tick size" refers to the possible interval between two price levels (limit levels) of orders on stock exchange system.
Nov 14, 20224 min read
BGH: Intermediary's Liability due to False Information on German Deposit Guarantee Fund
The German Federal Supreme Court affirmed the liability of an intermediary due to false information on the German deposit guarantee fund.
Nov 14, 20222 min read
The Multilateral Single-Dealer System ‒ an Oxymoron Under MiFID II?
We argue that the wording of MiFIR disguises the true legal intention, which allows market operators to structure a regulated market as a single-dealer system.
Aug 7, 20195 min read
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