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Legal Excellence
Posts – Sound Knowledge for Sound Decisions
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.
BaFin Practice for License Holiday in Germany
BaFin's supervisory practice for granting license exemption for providing cross-border banking and financial services in Germany.
Jan 265 min read
Loan Origination by Foreign Investment Funds in Germany
Originating loans in Germany generally requires a BaFin license, if the foreign investment manager cannot rely on a specific exemption.
Jan 223 min read
German National Private Placement Regime (NPPR) for Alternative Investment Funds (AIF)
German National Private Placement Regime (NPPR) provides rules for AIFM domiciled within and outside the EU/EEA that intend to market an AIF to German investors.
Jan 152 min read
German REMIT Representative for Third-Country Market Participants
German REMIT representative for non-EU market participants: registration with Bundesnetzagentur/ACER (CEREMP), mandate & compliance under REMIT. Contact German law firm Kronsteyn.
Dec 13, 20242 min read
Euro Deposits and Securities Frozen - That's What You Can Do
Information on the legal background and what you can do, if your money or securities have been frozen by a German bank.
Nov 26, 20243 min read
Legal Action Against the Decision of a German Stock Exchange Sanctions Committee
Gegen den Beschluss eines Sanktionsausschusses kann mit einer Frist von einem Monat Klage beim Verwaltungsgericht erhoben werden.
Sep 26, 20242 min read
German DEHSt Competent Authority for Foreign Aircraft Operators
German DEHSt is the compentent authority for foreign aircraft operators in relation to the EU Emissions Trading System (EU ETS).
Jul 27, 20242 min read
Contracts Related to the Storage of Energy Included in REMIT's Scope of Application
REMIT II integrated spot and derivative contracts for storage of electricity and natural gas into the concept of wholesale energy products.
May 7, 20241 min read
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 23, 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 6, 20195 min read
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