Erscheinung:22.09.2021 MiFID II : Exemption for ancillary activities
Due to the amended Markets in Financial Instruments Directive II (MiFID II), an adjustment to the ancillary activity exemptions in section 2 (1) no. 9, section 2 (6) sentence 1 no. 11 and section 32 (1a) sentence 3 no. 3 of the German Banking Act (Kreditwesengesetz – KWG) will come into force on 28 November 2021.
As of this date, it is therefore no longer necessary to notify BaFin of the use of an ancillary activity exemption.
