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BaFin significantly revised its previously published draft WpI-MaRisk on risk management requirements for German investment firms, with a particular emphasis on the principle of proportionality. BaFin’s draft changes to the WpI-MaRisk shift towards a more principles-based and proportionate framework tailored to the risk profile of small and medium-sized investment firms.
The FinmadiG introduces material implementation measures for the European Digital Finance Package. On 18 December 2024, the German Parliament (Deutscher Bundestag) has passed the Financial Market Digitisation Act (Finanzmarktdigitalisierungsgesetz — FinmadiG).
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