German Federal Cabinet approves the German Federal Ministry of Finance's draft legislation to strengthen the protection of investors

14/11/2014

With regard to this, the German Finance Minister, Dr. Wolfgang Schäuble, said:

"We increase the consumer protection within the finance sector. In future, investors will be able to inform themselves even better. We extend the strict investor protection rules to further products, prohibit misleading advertising and grant new rights to the banking supervisors.

The decision regarding an investment and the risk connected to this can only be taken individually. We guarantee that all important information for this is known."

Even though the legislative procedure has only just started, the new legislation is expected to come into force in the middle of 2015.

You can read the draft legislation here (in German).

For further details see our article on "Federal Ministry of Finance publishes draft legislation for reinforcement of investor protection".