Anzeige eines Instituts i.S.d. KWG über Vollzug, Aufgabe oder die Änderung der Absicht zur Bestellung eines Geschäftsleiters bzw. der Ermächtigung einer Person zur Einzelvertretung des Instituts Entgegennahme

If you, as a bank or financial services company, intend to appoint a managing director or authorise a person to act as sole representative of your institution and have carried out, abandoned or changed this intention, you must inform BaFin.

In your information you must state all facts that are relevant for the assessment of

• reliability,
• the professional suitability
• and sufficient time availability for the performance of the respective tasks of the person

of the person concerned.
If new facts have emerged which have a significant impact on an original assessment of good repute, professional competence and sufficient availability in terms of time, you must also communicate them.

You do not have to pay anything for the message.

You would like to inform BaFin about the execution, abandonment or change of the intention to appoint a managing director or the authorisation of a person to represent the institution individually:

• Go to the BaFin website.
• Fill in the required forms completely and truthfully.
• You can fill in the forms directly on your PC and then print them out.
• Send the completed forms with all required documents by mail to BaFin.

different, case-dependent

You must file the complaint immediately.

There is no provision for appeal.

• Notification by an institution within the meaning of the KWG of the completion, discontinuation or change of the intention to appoint a managing director or the authorisation of a person to represent the institution individually
• Costs: none
• Processing time: varies, depends on the case
• Responsible: Federal Financial Supervisory Authority (BaFin) and Deutsche Bundesbank

Forms: yes
Online procedure possible: no
Written form required: yes
Personal appearance required: no