responsibility finder
Schleswig-Holstein

Reporting secondary activities as a manager of a credit institution

Source: Zuständigkeitsfinder Schleswig-Holstein (Linie6PLus)

Service Description

Do you manage a credit institution? Then you have a personal duty of disclosure to the Federal Financial Supervisory Authority (BaFin) regarding your activities at other companies.

As the managing director of a credit institution, you must have enough time for your duties. The number of other mandates you are allowed to take on is therefore limited. The Federal Financial Supervisory Authority (BaFin) checks this, as well as whether any conflicts of interest could arise from your activities.
You must therefore notify BaFin if you start or end any of the following activities at another company:

  • Managing director
  • Member of the supervisory or administrative board.

You must also submit your notification to the Deutsche Bundesbank.


Process flow

You must submit your notification in a single copy to

  • the Federal Financial Supervisory Authority and
  • the head office of the Deutsche Bundesbank responsible for the institution or company. The head office in whose territory the head office of the institution or company is located is responsible.

Proceed as follows:

  • Go to the BaFin website and download the following form:
    • "Annex 6 (to Section 11 (1) AnzV) NT: Ancillary activities of directors of an institution or of persons who actually conduct the business of a financial holding company or a mixed financial holding company"
  • Fill out the form completely and truthfully. You can do this directly on the computer and print it out.
  • Compile all the necessary documents and send them by post.
Requirements
  • You are the managing director or you actually manage the business
    • of an institution,
    • a financial holding company or
    • a mixed financial holding company
  • The Federal Financial Supervisory Authority (BaFin) is the competent supervisory authority.
  • You start or end one of the following activities at another company:
    • Managing director
    • Member of the Supervisory Board or Board of Directors. Also applies to mandates in
      • facultative supervisory boards
      • Advisory boards if the duties and powers of the advisory board correspond to those of an administrative or supervisory body and are regulated by law, the articles of association or the partnership agreement.
Which documents are required?
  • Information on time availability: form "Secondary activities of directors of an institution or of persons who effectively direct the business of a financial holding company or a mixed financial holding company"
  • if several mandates you hold count as one: Evidence through corresponding statements or documents
  • in the case of mandates as a representative of the federal government or the federal states: corresponding articles of association as an attachment or reference to the legal basis

Detailed information on the required documents and disclosures can be found in BaFin's "Information sheet on managing directors pursuant to KWG, ZAG and KAGB".

What are the fees?

There are no costs for you.

What deadlines do I have to pay attention to?

You must report the new activity immediately, i.e. usually within 2 weeks.

Processing duration

The processing time varies or depends on the case.

Legal basis
Appeal
  • Appeal if necessary
  • Administrative court action if necessary
Applications / forms
Author
Forwarding service: Deep link to the original portal

The text was automatically translated based on the German content.

Technically approved by

Federal Ministry of Finance

Professionally released on

04.08.2021

Teaser

Do you manage a credit institution? Then you have a personal duty of disclosure to the Federal Financial Supervisory Authority (BaFin) regarding your activities at other companies.

Process flow

You must submit your notification in a single copy to

  • the Federal Financial Supervisory Authority and
  • the head office of the Deutsche Bundesbank responsible for the institution or company. The head office in whose territory the head office of the institution or company is located is responsible.

Proceed as follows:

  • Go to the BaFin website and download the following form:
    • "Annex 6 (to Section 11 (1) AnzV) NT: Ancillary activities of directors of an institution or of persons who actually conduct the business of a financial holding company or a mixed financial holding company"
  • Fill out the form completely and truthfully. You can do this directly on the computer and print it out.
  • Compile all the necessary documents and send them by post.

Requirements

  • You are the managing director or you actually manage the business
    • of an institution,
    • a financial holding company or
    • a mixed financial holding company
  • The Federal Financial Supervisory Authority (BaFin) is the competent supervisory authority.
  • You start or end one of the following activities at another company:
    • Managing director
    • Member of the Supervisory Board or Board of Directors. Also applies to mandates in
      • facultative supervisory boards
      • Advisory boards if the duties and powers of the advisory board correspond to those of an administrative or supervisory body and are regulated by law, the articles of association or the partnership agreement.

Which documents are required?

  • Information on time availability: form "Secondary activities of directors of an institution or of persons who effectively direct the business of a financial holding company or a mixed financial holding company"
  • if several mandates you hold count as one: Evidence through corresponding statements or documents
  • in the case of mandates as a representative of the federal government or the federal states: corresponding articles of association as an attachment or reference to the legal basis

Detailed information on the required documents and disclosures can be found in BaFin's "Information sheet on managing directors pursuant to KWG, ZAG and KAGB".

What are the fees?

There are no costs for you.

What deadlines do I have to pay attention to?

You must report the new activity immediately, i.e. usually within 2 weeks.

Processing duration

The processing time varies or depends on the case.

Legal basis

Appeal

  • Appeal if necessary
  • Administrative court action if necessary

Applications / forms

Author

Forwarding service: Deep link to the original portal

The text was automatically translated based on the German content.

Technically approved by

Federal Ministry of Finance

Professionally released on

04.08.2021

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