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DE - BaFin publishes revised German Securities Trading Act

01/01/2017

On 8 march 2017, the German Federal Financial Supervisory Authority (BaFin) has published a revised circular on the Minimum Requirements for the Compliance Function and Additional Requirements Governing Rules of Conduct, Organisation and Transparency pursuant to sections 31 et seq.

On 8 march 2017, the German Federal Financial Supervisory Authority (BaFin) has published a revised circular  on the Minimum Requirements for the Compliance Function and Additional Requirements Governing Rules of Conduct, Organisation and Transparency pursuant to sections 31 et seq. of the German Securities Trading Act (MaComp).

BaFin has revised  MaComp by including a new requirement for investment services undertakings when forwarding third party information. Every investment services undertaking needs to adequately flag third party information as information provided by third parties when forwarding such information to third parties. Other changes include clarifications regarding the responsibility of investment services enterprises who make available to clients information from third-party sources.

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