On May 28, the German government introduced an amendment to the German Banking Act regarding the license requirements for “third-country” (i.e., non-European) proprietary trading firms seeking access to, or membership of, German trading venues (the Amendment).
Continue Reading Germany Introduces Limited-Scope Exemption for Non-European Proprietary Trading Firms Trading on German Trading Venues
German Government Publishes Proposed Law for Proprietary Trading Firms
Posted in EU Developments, Financial Markets
On September 5, the German Federal Government published a proposal relating to a draft law implementing Regulation (EU) 2019/834 (EMIR REFIT), which also clarifies the licensing requirements for non-EU firms (which would include UK firms after Brexit) that conduct cross-border proprietary trading with German counterparties or on German trading venues.Continue Reading German Government Publishes Proposed Law for Proprietary Trading Firms
BaFin Publishes Additional Indicative MiFID II Position Limits
Posted in EU Developments, Financial Markets
On January 16, the German federal regulator, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), updated its Database of Position Limits and published additional indicative position limits for the following contracts:
Continue Reading BaFin Publishes Additional Indicative MiFID II Position Limits