Supervision again questions German credit and securities institutions on cum/cum transactions

On July 9, 2021, the German Federal Ministry of Finance published a letter containing a change in administrative practice on the treatment of tax-related issues in connection with cum/cum transactions, this leads to a change in administrative opinion and to the fact that the supervisory authority must reassess the consequences for the institutions. For this reason, BaFin, with the support of Deutsche Bundesbank, is again surveying German credit institutions and investment firms. The survey is primarily intended to provide information on the group of institutions affected and the level of financial burdens.

Further information can be found here.