🇩🇪Germany

CRD VI Drittland-Niederlassung – BaFin Grandfathering Aufhebung

1 verified sources

Definition

CRD VI (Capital Requirements Directive VI) now mandates third-country branches maintain separate capital, governance structures, and risk controls. Prior exemptions under KWG §2(5) are not grandfathered; BaFin will revoke them. Foreign exchange operators face significant regulatory restructuring costs and potential operational disruption.

Key Findings

  • Financial Impact: €100,000–€500,000 per branch (regulatory consultation, system implementation, capital provision increase); non-compliance: BaFin enforcement action, potential license revocation
  • Frequency: One-time transition cost (2025); ongoing quarterly regulatory reporting; compliance monitoring increases operational costs by 10–20%
  • Root Cause: Regulatory exemption cliff; lack of CRD VI implementation roadmap; delayed internal capital and governance restructuring; insufficient BaFin coordination on exemption revocation timeline

Why This Matters

This pain point represents a significant opportunity for B2B solutions targeting Securities and Commodity Exchanges.

Affected Stakeholders

Head of Branch Compliance, Chief Risk Officer (CRO), BaFin Regulatory Liaison, Capital Management Team

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Financial Impact

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

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