Deutsche Bank

Disclosures

European and German Regulatory Background

Under European Union law and related national implementing laws, credit institutions and investment firms must obtain authorization from their relevant supervisory authority in order to carry out regulated banking and investment service activities. The European Banking Authority (“EBA”) maintains a public register of credit institutions authorized to operate within European Economic Area (“EEA”) countries. In Germany, the Federal Financial Supervisory Authority (the “BaFin”) maintains a public register of financially regulated companies authorized to operate in Germany.
 
Deutsche Bank Aktiengesellschaft (“Deutsche Bank AG” or “the Bank”) is authorized to conduct banking business and to provide financial services as set forth in the German Banking Act (“Kreditwesengesetz”).
 
The Bank is subject to comprehensive supervision by the European Central Bank (“ECB”), by the BaFin and by the Deutsche Bundesbank (“Bundesbank”), Germany’s central bank.
 
Supervision of Deutsche Bank AG is carried out under the European Union’s Single Supervisory Mechanism (“SSM”), a system of financial supervision composed by the ECB and national supervisory authorities of European Union member states participating in the SSM. Within the SSM, the ECB is directly responsible for most of the Bank’s so-called prudential supervision, such as regulatory capital adequacy, leverage, liquidity, risk management and governance requirements.
 
The BaFin remains Deutsche Bank AG’s primary supervisor for regulatory matters falling outside the remit of the ECB, such as the rules on conduct of business in the securities markets, statutory deposit protection and the regulation of anti-money laundering and terrorist financing. In countries where the Bank operates under its European Passport (see “European Passport” section below), it will be subject to the conduct of business rules of the local “host state” regulator.
 
The Bundesbank supports and cooperates closely with the BaFin and the ECB. That cooperation includes the ongoing review and evaluation of reports submitted by the Bank (including its audit reports) and adequacy assessments in respect of the Bank’s capital and its risk management systems.
 
The ECB and the BaFin have extensive supervisory and investigatory powers with regard to the Bank, including the ability to request information and conduct investigations.

European Passport

EEA banks may offer banking and investment services in other member states of the EEA (known as “host states”) without being required to obtain a separate licence from the host state under a so-called “European Passport”. This “passport”, which specifies permitted activities, is granted by the home state authority and can be exercised as follows:

  • Under the freedom of establishment rule, a “passported” bank can establish a permanent presence in the host state which is referred to – provided it is not a separate legal entity from the bank – as a “branch” (as defined in point (17) of Article 4(1) of the Capital Requirements Regulation (Regulation (EU) No 575/2013, “CRR”)).

  • Under the freedom to provide services rule, a bank can be passported for the provision of cross-border services in another EEA member state.

A host state authority will rely on the home state authority (the ECB in the case of a significant institution within the SSM, such as Deutsche Bank AG, for the purposes of prudential supervision, and the relevant national supervisory authority for other purposes) to ensure that the systems and controls of a bank are in good order and to ensure the bank’s financial adequacy. 
 
To the extent that activities are carried out within or from its jurisdiction, the host state authority supervises the conduct of banks. This includes, for example, rules on treating clients fairly and rules governing a bank’s conduct in the securities market.

Corporate and Regulatory Disclosures

Deutsche Bank Group

Deutsche Bank Group comprises Deutsche Bank AG together with its subsidiaries which are consolidated for European regulatory purposes. The Bank and those subsidiaries which carry out licensable activities are authorized and regulated by regulatory authorities in their country of incorporation as well as, in some instances, by regulatory authorities in other jurisdictions.

About Deutsche Bank AG

The following links will take you to corporate and regulatory disclosures relating to selected Deutsche Bank Group subsidiaries registered and/or incorporated in the European Union:
Austria
Belgium
Czech Republic
Denmark
Finland
France
Greece
Germany
Hungary
Ireland
Italy
Luxembourg
Malta
Netherlands
Poland
Spain
Sweden
United Kingdom

The following links will bring you to corporate and regulatory disclosures for selected Deutsche Bank Group subsidiaries in:
Norway
Switzerland


Italy

DB Consorzio s.c.ar.l.
Head office: Piazza del Calendario, 3 • 20126 Milano • Tel.: +39 02 4024 1 • Capital stock EUR 10.000,00 
Number of registration in Milan, Fiscal Code and VAT number: 06510640961
Belonging to the Deutsche Bank Group, registered in the Banking Group Register
Subject to the management and coordination activity of Deutsche Bank S.p.A.

Deutsche Bank Aktiengesellschaft, Milan Branch
Via Turati 25/27, Milano
Branch of Deutsche Bank Aktiengesellschaft, stock company of German law domiciled in
Taunusanlage 12 Frankfurt am Main, Germany
HRB No. 30 000 • Frankfurt am Main local court • Capital stock fully paid-in: Euro 2,379,519,078.40 • https://www.db.com
Chairman of the Supervisory Board: Paul Achleitner
Management Board: John Cryan, Jürgen Fitschen, Stefan Krause, Dr. Stephan Leithner, Stuart Lewis, Henry Ritchotte, Dr. Marcus Schenck and Christian Sewing.

Deutsche Bank Mutui S.p.A. with Deutsche Bank S.p.A. as a sole shareholder
Head office: Piazza del Calendario, 1 • 20124 Milano • Capital Stock EUR 48.000.000,00
Number of registration in Milan, Fiscal Code and VAT number: 08226630153
Milan: Via Melchiorre Gioia 8 • Tel.+39 02 584594 1 • Fax +39 02 58309720
Member of the Deposit Protection Interbanking Fund • Registered in the Bank register and belonging to the Deutsche Bank Group, registered in the Banking Group Register, subject to the management and coordination activity of Deutsche Bank S.p.A.

Deutsche Bank S.p.A. • Head office: Piazza del Calendario, 3 • 20126 Milano
Tel.: +39 02 4024 1 • Telegraphic address: CENTMERIT Milano • https://www.db.com/italy
S.W.I.F.T. address: DEUT IT MM • Telex: 311350 BAIDIR I • Telefax: S.T.M.: +39 02 4024 2636
Capital Stock EUR 412.153.993,80 • Number of registration in Milan, Fiscal Code and VAT number: 01340740156.
Member of the Deposit Protection Interbanking Fund
Member of the Indemnity National Fund ex art. 59 Leg. Decree n. 58/1998
Registered in the Bank register and parent company of Deutsche Bank Group in Italy • Registered in the Banking Group Register
Subject to the management and coordination activity of Deutsche Bank AG • Comp. code 3104.7

Fiduciaria Sant’Andrea S.r.l. • with a sole shareholder
Head office: Via Turati 25/27 • 20121 Milano • phone: +39 02 4024 2461/2476 • fax +39 02 4024 2356
Capital Stock EUR 93.600,00 fully paid-in
Number of registration in Milan and Fiscal Code: 01202840268 and VAT number 11349470150
Belonging to the Deutsche Bank Group, registered in the Banking Group Register
Subject to the management and coordination activity of Deutsche Bank S.p.A.

Finanza & Futuro Banca S.p.A. with a sole shareholder
Head office: Piazza del Calendario n. 1 • 20126 Milano
Ph. +39 02 40241 • Fax +39 02 40244106 • http://www.finanzaefuturo.it/
Capital Stock EUR 10.400.000,00 fully paid-in
Number of registration in Milan, Fiscal Code and VAT number: 09574620152
Member of the Deposit Protection Interbanking Fund
Member of the Indemnity National Fund ex art. 59 Leg. Decree n. 58/1998
Belonging to the Deutsche Bank Group, registered in the Banking Group Register
Subject to the management and coordination activity of Deutsche Bank S.p.A.

NEW PRESTITEMPO S.p.A.
Deutsche Bank group Sole shareholder Deutsche Bank S.p.A.
Subject to the management and coordination activity of
Deutsche Bank S.p.A.
Head office: Piazza del Calendario, 1 • 20126 MILANO
Tel. +39 02 4024 2417 • Fax +39 02 4024 2422
Capital Stock: EUR 2.550.000,00 fully paid-in • Fiscal Code and VAT number 04471170961
Number of registration in Milan n. 1749956
Financial Intermediary registered in the Intermediary Special Register at U.I.C. n. 358525

RREEF Fondimmobiliari SGR S.p.A.
Via Turati 25/27 • 20121 Milano
P +39 02 4024 5729 F +39 02 4024 5702 • RREEF
A Member of Deutsche Bank Group
Registered in the Asset Management Company register at n. 66
With a sole shareholder • Capital Stock € 5.461.048,04 fully paid-in
Number of registration in Milan, Fiscal Code and VAT number 12181620159
Subject to the management and coordination activity of Deutsche Bank AG, Milan branch 
Member of the Indemnity National Fund

RREEF Opportunities Management S.r.l.
Via Turati 25/27 • 20121 Milano
P +39 02 4024 5841 F +39 02 4024 6548 • RREEF
A Member of Deutsche Bank Group
With a sole shareholder • Capital Stock € 340.000,00 fully paid-in
Number of registration in Milan, Fiscal Code and VAT number 04040730964
Subject to the management and coordination activity of Deutsche Bank AG, Milan branch

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Last Update: February 1, 2016
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