Germany – BaFin MiFID II Guidelines

Germany – BaFin MiFID II Guidelines

On 16 July 2019, GE BaFin issued notice on implementing ESMA guidelines.

  • ESMA issued German version of guidelines on financial instruments, MiFID II definition.

ESMA Guidelines

  • Offered updated version of guidelines issued 2015 for MiFID 1 (ESMA/2015/1341).
  • Amended guidelines on definitions of financial instruments in C6 and C7 of Annex 1.
  • Adapts existing guidelines to MiFID II framework without substantive changes.

Effectiveness

  • BaFin said it will be implementing the changes in a notice issued 16 July 2019.