German Banking Act Kreditwesengesetz (KWG)

Official name

Gesetz über das Kreditwesen (Kreditwesengesetz - KWG)

Type

Act/Law

Level 1

Initiator

German government

Submitted

10.07.1961

Doc. code

BGBl. I Nr. 62 /1998

Summary

Status

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Current version

Final version

09.09.1998

Next step

Entry into force

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Application date

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Scope

Relevant for

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Level 1

Adaptions due to Prospectus-Regulation (binding, Amendment, DE)

KWG - General Provisions and Activities of BaFin (Art. 1-9) (non-binding, DE)

KWG - Requirements for institutions - own funds and liquidity (Art. 10-12) (non-binding, DE)

KWG - Regulations for institutions - Credit business (Art. 13-22) (non-binding, DE)

KWG - Requirements for institutions - Other (Art. 22-31) (non-binding, DE)

KWG - Supervision of institutions (Art. 32-50) (non-binding, DE)

KWG - Miscellaneous (Penalty fine, Transition/closure) (Art. 51-64 [EX 53E-53Q] (non-binding, DE)

KWG - Rules applicable to central counterparties and central securities depositories (Art. 53e-53q) (binding, DE)

High frequency trading (binding, Amendment, DE)

Reducing risks and strengthening proportionality in the banking sector (binding, Amendment, DE)

Law on the introduction of electronic securities (eWpG) (binding, Main version, DE)

Financial Market Integrity Reinforcement Act (FISG) (binding, Amendment, DE)

Transparency Financial Information Act Money Laundering - TraFinG Gw (binding, Amendment, DE)

IFD implementing law with investment firm law (WpIG) (binding, Main version, Amendment, DE)

Sanctions Enforcement Act I (binding, Amendment, DE)

Virtual general meetings of stock coorperations (binding, Amendment, DE)

German Investment Schemes Act - VermAnlG (binding, Main version, Amendment, DE)

Sanctions Enforcement Act II (SanktDG) (binding, Main version, Amendment, DE)

Law on the Implementation of the Conversion Directive (UmRUG) (binding, Amendment, DE)

Future Financing Act (binding, Amendment, DE)

Secondary Credit Market Promotion Act (binding, Main version, Amendment, DE)

Financial Crime Combat Act – FKBG (binding, Main version, Amendment, DE)

Special provisions for the restructuring and liquidation of central counterparties (binding, Amendment, DE)

Financial Market Digitization Act - FinmadiG (binding, Main version, Amendment, DE)

Law on the implementation of sustainability reporting by companies (binding, Amendment, DE)

Act to Strengthen the Fund Market (binding, Amendment, DE)

Ring Fencing Act (RiskAbschG) (binding, Amendment, DE)

Anti-asset concealment act (Vermögensverschleierungsbekämpfungsgesetz - VVBG) (non-binding, Main version, Amendment, DE)

Act to ensure the enforcement of the EU Regulation on European Green Bonds (binding, Amendment, DE)

Future Financing Act II (binding, Amendment, DE)

Level 2

Ownership Control Ordinance (binding, Supplement, DE)

Amendment of audit report regulation (PrüfbV) (binding, Amendment, DE)

Remuneration Regulation (binding, Main version, DE)

German large exposure regulation (binding, Supplement, DE)

German Solvency Regulation (SolvV) (binding, Supplement, DE)

Reporting Regulation - AnzV (binding, Supplement, DE)

Financial and Risk-bearing Capacity Information Regulation - FinarisikoV (formerly Finanzinformationenverordnung FinaV) (binding, Supplement, Amendment, DE)

Liquidity Regulation (LiqV) (binding, Supplement, DE)

Eighth amendment to the minimum requirements for risk management - 8. MaRisk Novelle (binding, Supplement, Amendment, DE)

Level 3 / Other

Deduction obligation in accordance with §10 KWG (binding, DE)

Treatment of credit derivatives pursuant to the KWG and the Large Loan and Million Loan Provisions (binding, DE)

Consolidation of mixed groups according to §§ 10a and 13b KWG (binding, DE)

Minimum payment commitments: Own funds backing and treatment in accordance with GroMiKV (binding, DE)

Transitional provisions on initial capital for financial services institutions and securities trading banks (binding, DE)

Retention periods for market price data of trading book positions and commodities positions in the banking book (binding, DE)

Disclosures on the modified balance sheet equity ratio (binding, DE)

Replacement of national provisions by CRD IV and CRR (binding, DE)

Exemption of subordinated companies in the summarised monthly statement in accordance with the German Banking Act (KWG) (binding, DE)

Other criminal offences (§ 25c KWG) (binding, Supplement, DE)

Implementation of the CEBS Large Exposure Guideline (binding, Supplement, DE)

Obergrenzen für Risikopositionen gegenüber Schattenbanken (binding, DE)

Ceilings and derogations in respect of large exposures (binding, DE)

Berücksichtigung von Zinsänderungsrisiken aus Aktien-, Devisen- und Rohwarenderivaten (binding, DE)

Abzug von Anteilen an reinen Industrie- und Versicherungsholdings (binding, DE)

Group-wide implementation of prevention measures against money laundering (non-binding, DE)

Facilitation of the imputation process for mortgage loans (binding, DE)

Licensing requirements for cross-border transactions (binding, DE)

Licensing requirements for family offices in accordance with KWG and KAGB (binding, DE)

Licensing requirements for credit intermediation platforms (binding, DE)

Licensing requirements for transactions in connection with electricity trading activities (binding, Supplement, DE)

Investmentclubs (binding, DE)

Formation of credit units (binding, DE)

Allocation of the institutions' holdings and transactions to the trading book and the banking book (binding, DE)

Circular Letter on Implementation of risk management systems (binding, Supplement, DE)

Insolvency treatment of certain liabilities of CRR institutions (binding, DE)

Update of the interpretation for the Risk Shield Law (binding, Supplement, DE)

Information on the obligation to obtain a permit pursuant to Section 32 (1) of the German Banking Act (KWG) (binding, Supplement, DE)

Manual on financial instruments (binding, DE)

Alternative investment funds (AIF) under KAGB (binding, DE)

Application questions regarding the Investment Tax Act - Extension of the deadline for the publication of the tax bases (binding, DE)

Information on the exceptions to sideline activities of credit institutions (binding, DE)

Registration as a credit institution (binding, DE)

Supervision Guideline (non-binding, DE)

Introduction of countercyclical capital buffer (binding, DE)

Exemption of the not bound to an account GeldKarte der Deutschen Kreditwirtschaft (binding, Supplement, DE)

Guideline for the supervisory assessment of risk-bearing capacities (binding, Supplement, DE)

Classification by insolvency law of liabilities (binding, DE)

Appropriate business-related security systems within the meaning of § 25h (1) of the KWG (binding, Supplement, DE)

Interpretation to the Risk shield law (non-binding, DE)

Interest rate risk in the banking book for LSI (non-binding, DE)

Hinweise zum Tatbestand des Kryptoverwahrgeschäfts (binding, DE)

Notes on the nature of the guarantee transactions (binding, DE)

Storage obligation of virtual IBAN (binding, DE)

Leaflet on the facts of operating an organised trading facility (binding, DE)

FAQ on the amended provisions on loans to governing bodies (binding, DE)

Notes on the permission procedure for crypto securities registry management (binding, DE)

Fact Sheet on Due Diligence and Organizational Obligations for E-Money Business (binding, DE)

Impact of the war in Ukraine on Money Laundering Audit (non-binding, DE)

Information sheet on the operation of a multilateral trading facility (binding, Supplement, DE)

Provision of a capital buffer for systemic risks for residential real estate financings (binding, Supplement, DE)

Capital buffer for systemic risks for substantive exposures in Norway (binding, Supplement, DE)

Explanatory leaflet on the suitability of managing directors (binding, Supplement, DE)

Proportionality in BaFin's risk management requirements (binding, DE)

Source: German government, BGBl. I Nr. 62 /1998, 1998