The law firm points that the new rules will have a practical impact on distributors in Germany.
Following the release of new product intervention rules by the German Federal Financial Supervisory Authority (Bafin), the structured products market in Germany is adjusting to a stricter regulatory environment for turbo certificates. The regulator’s intervention is not a full ban - Patrick Scholl The new circular restricts the marketing, distribution and sale of these leveraged products to retail investors, introducing enhanced risk disclosures and limitations on distributor incentive