German future financing act modernises german financial market
21 December 2023
To modernise regulatory procedures, Germany removes language barriers and form requirements by strengthening digital and English language communication with BaFin. Standardised documentation for B2B banking, financial, investment and payment services is exempted from some mandatory content review. These and a variety of further measures aiming at modernising the German financial market, such as the segregation of crypto values or the implementation of the EU DLT Pilot Regime, are part of the Financing of the Future Act (Zukunftsfinanzierungsgesetz, ZuFinG – Future Financing Act), which has, in large parts, just entered into force.
Clifford Chance
