Financial Market Digitization Act - FinmadiG

Topic area:
Status: 03.01.2024 |
Current
Key words:
Main version, Amendment, Anti-Money Laundering/Terrorist Financing, Crypto assets, Hot topic
Initiative
Official name
Entwurf eines Gesetzes über die Digitalisierung des Finanzmarktes (Finanzmarktdigitalisierungsgesetz – FinmadiG)
Type
Act/Law
Level 1
Initiator
German government
Submitted
23.10.2023
Doc. code
-
Summary
Status
Status

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Current version
Bill
20.12.2023
Next step
Entry into force and application
Entry into force

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Application date

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Scope
Relevant for

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Associated initiatives
Level 1
EU regulatory framework for crypto-assets (MiCA Regulation) (binding, Main version, Amendment, EU)
DORA Directive (binding, Amendment, EU)
DORA - Improving digital operational resilience against cyberattacks (binding, Main version, EU)
Information accompanying transfers of funds and certain crypto-assets (revision Transfer of Funds Regulation; TFOR) (binding, Main version, Amendment, EU)
German Banking Act Kreditwesengesetz (KWG) (binding, Main version, DE)
Securities Trading Act (Revised version 1998) (binding, Main version, DE)
IFD implementing law with investment firm law (WpIG) (binding, Main version, Amendment, DE)
Investment Code and AIFM Implementation Law (KAGB) (binding, Main version, Amendment, DE)
Commercial code (Handelsgesetzbuch, HGB) (binding, Main version, DE)
GwG -Implementation of the 4th EU money laundering directive and Money Laundering Act (binding, Main version, Amendment, DE)
Industrial Code (binding, Main version, DE)
Stock exchange Law (BörsG) (binding, Main version, Amendment, DE)
Insurance Supervision Act - VAG (binding, Main version, DE)
Payment Services Supervision Act (Zahlungsdiensteaufsichtsgesetz - ZAG) and implementation of PSD2 (binding, Main version, Amendment, DE)
BRRD implementation act (incl. recovery and resolution act) (binding, Main version, Amendment, DE)
Implementation of Whistleblower Protection Directive and Whistleblower Protection Act (HinSchG) (binding, Main version, Amendment, DE)
Investor Compensation Act (binding, Main version, DE)
Level 2
Transition of the existing legal framework for crypto-assets to MiCAR (binding, Supplement, Amendment, DE)
Level 3 / Other
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Source: German government, Entwurf eines Gesetzes über die Digitalisierung des Finanzmarktes (Finanzmarktdigitalisierungsgesetz – FinmadiG), 2023