We focus on the rules of conduct under the Securities Trading Act (Wertpapierhandelsgesetz), taking into account upcoming changes with the implementation of MiFID II. Frequent issues are the suitability/appropriateness tests, client categorization and the handling of inducements.
Furthermore, we advise on prospectus requirements for public offerings of securities and other regulated investments (Vermögensanlagen). We also look at special issues such as the regulation of crowdfunding/crowdinvesting under the new German Retail Investors Protection Law (Kleinanlegerschutzgesetz).
We also deal with reporting requirements, insider trading issues and voting right notifications.