responsibility finder
Schleswig-Holstein

As a manager of a credit institution, indicate secondary activities

Source: Zuständigkeitsfinder Schleswig-Holstein (Linie6PLus)

Service Description

As a manager of a credit institution, you must have enough time for your tasks. The number of other mandates you may take on is therefore limited. The Federal Financial Supervisory Authority (BaFin) checks this, and also whether any conflicts of interest could arise from the activities.
You must therefore notify BaFin if you begin or end any of the following activities at another company:

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

In addition, you must submit your notification to the Deutsche Bundesbank.


Process flow

You must submit a single copy of your notification to

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

Proceed as follows:

  • Go to the BaFin website and download the following form:
    • "Annex 6 (to Section 11 (1) AnzV) NT: Secondary activities of managers of an institution or of persons who actually manage 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 your computer and print it out.
  • Compile all the required documents and send them by mail.
Requirements
  • You are a managing director or you actually run the business
    • of an institution,
    • a financial holding company, or
    • a mixed financial holding company
  • The Federal Financial Supervisory Authority is the competent supervisory authority.
  • You start or end one of the following activities at another company:
    • Managing director
    • Member of the supervisory or administrative board. Also applies to mandates in
      • facultative supervisory boards
      • advisory boards, if the tasks and powers of the advisory board correspond to those of an administrative or supervisory body and are regulated by law, by the articles of association or by the company statutes.
Which documents are required?
  • Information on time availability: form "Secondary activities of managers of an institution or of persons who actually manage the business of a financial holding company or a mixed financial holding company".
  • insofar as several mandates which you hold are considered to be one: Evidence through corresponding explanations or documents
  • in the case of mandates as a representative of the federal government or the federal states: corresponding articles of association as an annex or citation of the legal basis

Detailed information on the required documents and disclosures can be found in BaFin's "Merkblatt zu den Geschäftsleitern gemäß KWG, ZAG und 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
  • where appropriate, opposition
  • Administrative court action, if necessary
Applications / forms
Author
Technically approved by

Federal Ministry of Finance

Process flow

You must submit a single copy of your notification to

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

Proceed as follows:

  • Go to the BaFin website and download the following form:
    • "Annex 6 (to Section 11 (1) AnzV) NT: Secondary activities of managers of an institution or of persons who actually manage 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 your computer and print it out.
  • Compile all the required documents and send them by mail.

Requirements

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

Which documents are required?

  • Information on time availability: form "Secondary activities of managers of an institution or of persons who actually manage the business of a financial holding company or a mixed financial holding company".
  • insofar as several mandates which you hold are considered to be one: Evidence through corresponding explanations or documents
  • in the case of mandates as a representative of the federal government or the federal states: corresponding articles of association as an annex or citation of the legal basis

Detailed information on the required documents and disclosures can be found in BaFin's "Merkblatt zu den Geschäftsleitern gemäß KWG, ZAG und 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

  • where appropriate, opposition
  • Administrative court action, if necessary

Applications / forms

Author

Technically approved by

Federal Ministry of Finance

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