Financial Market Promotion Act
The Financial Market Promotion Acts are amendment laws passed by the German Bundestag that have affected various financial regulations since 1990 . The federal government tried to establish Germany as an attractive financial center and to improve the protection of investors.
First Financial Market Promotion Act
The first “Financial Market Promotion Act” of February 22, 1990 ( Federal Law Gazette I p. 266 ) bears the official long title “Law to improve the framework conditions of the financial markets” and changed regulations on investment companies and foreign investment units from March 1, 1990 . In addition, were stock transfer tax from 1991 and the change of control repealed from the 1992nd
Second Financial Market Promotion Act
The "Second Financial Market Promotion Act" with the official long title "Law on Securities Trading and Changes to Stock Exchange and Securities Law Regulations" of July 26, 1994 ( Federal Law Gazette I p. 1749 ) led to an insider from August 1, 1994 and January 1, 1995 - Criminal offense. In addition, the Federal Supervisory Office for Securities Trading (BAWe) with its seat in Frankfurt am Main was founded (merged into the Federal Financial Supervisory Authority from 2002 ).
Third Financial Market Promotion Act
The “Third Financial Market Promotion Act” of March 24, 1998 ( Federal Law Gazette I p. 529 ) bears the official long title “Law for the Further Development of the Financial Center Germany”. From April 1, 1998, it led to changes in the Stock Exchange Act , Securities Trading Act and company law .
Fourth Financial Market Promotion Act
The “Fourth Financial Market Promotion Act”, also with the official long title “Law for the Further Development of the Financial Center Germany”, of June 21, 2002 ( Federal Law Gazette I p. 2010 ) mainly changed the Stock Exchange Act and the Securities Trading Act from July 1, 2002. This should allow the financial institutions more flexibility, but at the same time improve investor protection .
