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.
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.
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.
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:
Deutsche Bank AG Stockholm Branch, Stureplan A SE 114 35 Stockholm, Sweden,
Registered in Bolagsverket's branch register 516401-9985,
Branch of Deutsche Bank Aktiengesellschaft domiciled in Frankfurt am Main; HRB No 30 000 • Frankfurt am Main, Local Court
Deutsche Bank AG is authorized under German Banking Law (ID:100003, competent authority: BaFin - Federal Financial Supervisory Authority). Deutsche Bank AG Stockholm branch ("DBS", Bolagsverket nr. 516401-9985) is authorised by BaFIN and regulated by Finansinspektionen for the conduct of licensed activities in Sweden. Deutsche Bank branches operate within the EEA on the back of the legal entity (Deutsche Bank AG) EU Passports within the European Economic Area (“EEA”). Reference is made to European Union Regulatory Background and Corporate and Regulatory Disclosures at https://www.db.com/disclosures. Details about the extent of our authorisation and regulation by BaFIN and respective Nordic Region Financial Supervisory Authority are available on request.
Without limitation, documents and any attachment proposed electronically do not constitute an offer or a recommendation to enter into any transaction with DBS. Electronic communication is for information purposes only and is not intended to be an offer or an advice or recommendation or solicitation, or the basis for any contract to purchase or sell any security, or other instrument, or for DBS to enter into or arrange any type of transaction as a consequence of any information contained herein. The implicit or explicit views and recommendations expressed in marketing or other financial presentation material as well as any financial proposals are solely those of the issuer of such material, and forwarded to you on behalf of the contracting party.
DBS is solely acting in an agency/agency similar capacity (“the agent”) for and on behalf of Deutsche Bank AG and/or affiliates and potential investors should be aware that if they, you, decide to enter into a transaction with Deutsche Bank AG or affiliates (these acting as “the principal” or “contractual party”) will any and all contractual and commercial agreements be as entered into with that contracting party under the contractual laws, unless re-negotiated, and financial laws and regulations of the country where the contracting party is licensed.
Unless DBS is entering into a separate and explicit contractual relationship with you for the provision of investment services is neither obliged to categorise you in accordance to MiFID nor perform MiFID Suitability and/or Appropriateness assessment (as enacted into Swedish laws and regulations). The investments or services mentioned in this email or an attachment thereto may not be appropriate for all investors and before entering into a transaction you should take steps to ensure that you fully understand the transaction and have made an independent assessment of the appropriateness of the transaction in the light of your own objectives and circumstances, including the possible risks and benefits of entering into such transaction. You should also consider seeking advice from your own advisers in making this assessment. If you decide to enter into a transaction with a contracting party you do so in reliance on your own judgment. For general information regarding the nature and risks and types of financial instruments please go here.
Past performance is not a suitable indicator of future results. An investment in mutual funds/ETF’s can rise or fall in value and there is no guarantee that the investor will get back all capital invested. Fluctuations in currency rates may cause the value of investments to either rise or fall. Investors should note that most mutual funds/ETF’s are not capital protected or capital guaranteed. Investors in mutual funds/ETF’s should be aware of the possibility, and financially able, to lose part or all of the invested capital. An investment in mutual funds/ETF’s is associated with risks, for a presentation of the risks related to investments in these funds, please refer to respective Funds/ETF’s Fact Sheet and/or Key Investor Information Document (“KIID”s) and/or fund Prospectus.
Personal data is handled in accordance with the Swedish Personal Data Act (1998:204, the “PDA”) and applicable ordinances, regulations and guidelines. Deutsche Bank has issued comprehensive Personal Data and Information Security Policies and Procedures in accordance with German laws and regulations which meet the Swedish PDA.
We observe inter alia the Swedish Marketing Act (2008:486) and/including the e-commerce directive (2000/31/EG) as enacted into Swedish law (Ehandleslagen) and relevant industry standards and guidelines issued by the authorities and your instructions to us, and we will not contact private individuals via e-mail, SMS, fax, voice messaging or other automated calling systems unless previous approval has been obtained from the individual for the use of such marketing methods. We hereby inform you that a private individual (a “consumer”) inter alia may refuse direct marketing from us, may request to be informed about own private data stored in our systems and has the right to have own information amended or erased as applicable.