Service Finder
Reporting secondary activities as a manager of a credit institution
Service Description
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
Applications / forms
- Appeal if necessary
- Administrative court action if necessary
Appeal
Forms: yes
Online procedure possible: no
Written form required: yes
Personal appearance required: no
Further Information
Author
The text was automatically translated based on the German content.
- Notification by a managing director of the commencement and termination of an activity as a managing director or as a member of the supervisory board or board of directors of another company Acceptance
Remark: Display of performance in the source portal
Technically approved by
Federal Ministry of Finance
Professionally released on
04.08.2021
Source: Zuständigkeitsfinder Thüringen (Linie6PLus)
Competent Authority
Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
Address
Postal address
53002 Bonn, Stadt
Address
60439 Frankfurt am Main
Remark: Address Frankfurt am Main
Link to the directions:
Anfahrt
Postal address
60306 Frankfurt am Main
Telephone
+49 228 4108-0Fax
+49 228 4108-1550Remark: especially for appointment notices regarding supervisory and administrative board members
