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The provisions of CCD2 will take effect in Germany on November 20, 2026. Who is affected by the new regulations, and what specific steps must be taken?

Major payment providers are calling on lawmakers to amend payment services regulations to resolve the conflict between SCA and agentic payments. But is this problem actually unresolved?

The phenomenon of finfluencers has become an integral part of social media. What regulatory rules apply to them, and how can they conduct their activities in compliance with the legal requirements?

Agentic Payments are not only transforming marketing approaches in e-commerce but also changing the rules of the game in the payments sector. Are AI agents that process payments subject to licensing requirements under the ZAG, and how can such business models be designed to comply with regulatory requirements?

The final drafts of PSD3/PSR provide for new exemptions to incorporate the EBA’s interpretations regarding the interaction between payment services supervisory law and MiCAR into written law. If the texts are adopted as proposed, many scenarios will continue to require dual authorization.

On July 27, 2026, BaFin published a circular regarding the classification of asset investments under the Asset Investment Act as packaged products under the PRIIPs Regulation. Can asset investments still be offered with a key information document?

On June 5, 2026, the final provisions of the EU Listing Act will take effect. What opportunities and challenges will this present for issuers?

Social trading and signal following are becoming increasingly popular on trading platforms. But how should these phenomena be classified from a regulatory perspective, and what obligations must the parties involved fulfill?

Startups and SMEs, in particular, often have difficulty obtaining bank loans to finance their ventures for a variety of reasons. In such cases, investment products available on the capital market often offer an attractive alternative. When is the requirement to prepare a prospectus triggered, and when might a private placement be considered?

To date, the GGL is the only authority in Germany to have commented on the regulatory classification of shares on prediction markets. Could the shares offered on prediction market platforms qualify as financial instruments and, in this context, also as binary options?

Prediction markets are all over the place right now. Is it even legally possible to operate them in Germany, and do the contracts traded on prediction markets always qualify as bets—and thus as (illegal) gambling?

Raising capital through securities offerings can be an attractive alternative to traditional bank financing for companies. Is it generally required to prepare a securities prospectus for such an offering, and are there any exceptions to this rule?