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Foreign Exchange License GermanyBaFinLicense application conditions

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In Germany, with the continuous development of the financial market, the differences between traditional financial products such as banks, insurance, and securities are gradually disappearing. In order to adapt to development, Germany2002In, the German Federal Bank was merged with insurance and securities regulatory agencies to establish a unified regulatory organization———German Federal Financial Supervisory Authority(BaFin)
So, compared toforeign exchangeThe relevant business will be regulated by the German Federal Financial Supervisory Authority along with the banking, insurance, securities and other financial industries. German Federal Financial Supervisory Authority(BaFin)Federal Banking Regulatory Authority (BAKred)Federal Insurance Regulatory Agency(BAV)Federal Securities Regulatory Agency(BAWe)As a whole, it represents a fully integrated regulatory model.
Germany did not adopt the traditional model of separating the central bank from integrated regulatory agencies, but instead allowed the central bank to play a greater role in integrated regulation. This is because Germany is in the eurozone, and the monetary policy of the German Central Bank has been replaced by the European Central Bank, only serving as the executing agency of monetary policy. This means that the conflict between the German central bank and the integrated regulatory system has disappeared. At the same time, the German central bank, which has greater regulatory power, will have greater influence in the European Central Bank system.
Due to EU regulations, investment companies must comply with EU financial instrument market regulations as long as they obtain a license from a regulatory agency in a member state of the EU(MIFID )Directive on the freedom to provide investment services and activities throughout the EU(Usually referred to as license rights)You can conduct business in any region of the European Union. Operating foreign exchange business in Germany does not require a license from German regulatory authorities, only through EU financial instrument market regulations(MIFID )That's it.
Foreign Exchange License GermanyBaFinLicense application conditions330 / author:z13185100301 / PostsID:1584372
German Federal Financial Supervisory Authority(The Federal Financial Supervisory Authority), abbreviated asBaFinIt is an independent federal agency in Germany that regulates the financial market, headquartered in Bonn and Frankfurt, and supervised by the German Federal Ministry of FinanceGermanyBaFinAfter2002year5The bill was established in June, and its main purpose is to establish a fully functional regulatory agency covering the entire financial industry, which also marks a significant change in the reform of Germany's financial regulatory system. The German Federal Financial Supervisory Authority is formed by the merger of three regulatory agencies, namely the Federal Office of Banking Supervision, the Federal Office of Securities and Exchange Supervision, and the Federal Office of Insurance Preservation Supervision.
GermanyBafinLicense application conditions:
1.German company name
2.Director's passport notarized

Application process
1.BaFinDesign of financial business solutions for license plates
2.Prepare and write application materials
3.Submitted to the German Ministry of FinanceBaFinApplication for License
4.During the application process, responsible for answering questions raised by the German Ministry of Finance.
If the German FederationMinistry of Finance andBaFinWe will be responsible for writing and submitting the remaining copy or relevant instructions that we need to provide.

according to2016year12monthBaFinof proposalBaFinto2017year8The month officially requires brokers to provide negative balance protection for their German customers, so that retail customers cannot lose more assets than their account deposits. The losses of any leveraged trading below zero balance will not be borne by the trader, but by the broker.
Although Germany's foreign exchange regulation is very strict, in recent years, many overseas foreign exchange platforms have passed EU financial instrument market regulations by obtaining Cyprus licenses(MiFID)Entering the German market can greatly reduce regulatory constraints in Germany.
But once brokers or investment companies operating foreign exchange business enter Germany to conduct business, they will be placed under the German Federal Financial Supervisory Authority(BaFin)Under a comprehensive regulatory system. The strict monitoring of brokers, the introduction of account security, and restrictions on contract for difference transactions have been implemented by the German Federal Financial Supervisory Authority in recent years(BaFin)Focus of attention. These strict regulations often make it difficult for many brokers to obtain German foreign exchange clients.
About GermanyBaFinThat's all for a brief introduction of the license plate. If you have any questions, feel free to communicate and discuss them at any time - Xiaochun

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