Check of Regulatory Authorisations - McDermott Will & Emery

CORA by McDermott

Check of Regulatory Authorisations

Your Partner in Financial Regulatory Law

Companies that are active in the financial sector or wish to provide services relating to financial instruments, lending business or payment services are subject to supervision by the German Federal Financial Supervisory Authority (BaFin) for the protection of investors and the market. One of the most important instruments for the supervision of an institution is the obligation to obtain a permit from BaFin before carrying out its activities.

German and European law recognizes a large number of such licensing requirements, first and foremost for the conduct of banking business and financial services, for the provision of securities and payment services.  Anyone who carries out an activity requiring a license without the necessary permit may run into serious problems with the financial supervisory authority, which may then prohibit further business activity and impose further sanctions or criminal proceedings.

Check of Regulatory Authorizations

Therefore, we would like to help you with our Check of Regulatory Authorizations (CORA) to get a first overview of possible authorization obligations!

Financial Regulatory News Blog

Our regular updates offer insights into regulatory issues of German and European financial supervisory law, such as permission requirements for tokenization and crypto asset trading, crypto custody, e-money/e-wallets, etc.

Financial Times Innovative Lawyers Awards Europe

CORA was awarded “Highly Commended” in the category “Business of Law: Digital Solutions” at the Financial Times Innovative Lawyers Awards Europe 2023. Every year, the Financial Times recognizes law firms and in-house teams that make an outstanding contribution to digital progress. McDermott was also recognized as one of the 25 most innovative law firms.

Meet our Lawyers

Our team advises national and international investment companies, banks, financial and payment service providers, asset managers and investment funds on all issues of German and European financial supervisory law. Please do not hesitate to contact us.

McDermott Will & Emery a leading international business law firm with more than 1,200 lawyers in over 20 offices in Europe, North America and Asia. We work with leaders around the world to advance missions, break barriers and shape markets – regardless of practice or industry boundaries. Our lawyers cover the entire spectrum of business and corporate law with their advice.