https://legal.excellentwiki.com/germany/securities-law/ Recent content in securities law on ExcellentWiki - Legal Encyclopedia Hugo en-US Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/germany/securities-law/german-securities-law/ Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/germany/securities-law/german-securities-law/ <h2 id="regulatory-architecture">Regulatory Architecture</h2> <p>German securities law is shaped by a dual-layer structure: directly applicable <strong>EU regulations</strong> (the Prospectus Regulation, MAR, MiFID II, EMIR) and national transposition statutes, principally the <strong>Wertpapierhandelsgesetz (WpHG – Securities Trading Act)</strong> . The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) serves as the integrated financial regulator, exercising supervisory authority over securities markets, credit institutions, insurance undertakings, and asset management. BaFin&rsquo;s securities supervision division enforces disclosure requirements, market abuse prohibitions, and conduct-of-business rules, and cooperates within the European Securities and Markets Authority (ESMA) framework.</p>