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


United Kingdom

Deutsche Bank AG, London Branch

Deutsche Bank AG (“the Bank”) is a joint stock corporation incorporated with limited liability in the Federal Republic of Germany. It is registered in the Commercial Register of the District Court, Frankfurt am Main under number HRB 30 000.

The Bank is authorized under German Banking Law (competent authorities: European Central Bank and the BaFin, Germany’s Federal Financial Supervisory Authority) and, in the United Kingdom, by the Prudential Regulation Authority. It is subject to supervision by the European Central Bank and by the BaFin, and is subject to limited regulation in the United Kingdom by the Financial Conduct Authority and the Prudential Regulation Authority under firm reference number 150018. Details about the extent of the Bank’s authorization and regulation by the Prudential Regulation Authority, and its regulation by the Financial Conduct Authority, are available from the Bank on request.

The Bank is registered as a foreign company in the register of companies for England and Wales (registration number FC007615).

Under its European Passport, the Bank carries on banking and investment services in the United Kingdom through Deutsche Bank AG, London Branch (“London Branch”) and is also authorized to provide such services into the United Kingdom from Germany and from its other EEA branches.

Deutsche Bank AG, London Branch is registered as a branch in the register of companies for England and Wales (registration number BR000005). Its registered address is Winchester House, 1 Great Winchester Street, London EC2N 2DB.

In addition to its above authorizations, the Bank is authorized by the Financial Conduct Authority to carry on investment services in precious metals.

London Branch is listed as a member firm of the London Stock Exchange.

 

Deutsche Bank Group UK Subsidiaries

The following UK-incorporated subsidiaries of Deutsche Bank AG are authorized and/or regulated as indicated below.

 
Abbey Life Assurance Company Limited

Authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority with firm reference number 117645. Registered in the register of companies for England & Wales under number 710383 and having its registered office at Winchester House, 1 Great Winchester Street, London EC2N 2DB.

 
DB PWM Collective Management Limited

Authorized and regulated by the Financial Conduct Authority with firm reference number 170547. Registered in the register of companies for England & Wales under number 2911650 and having its registered office at Royal Liver Building, Pier Head, Liverpool L3 1NY.

 
DB UK Bank Limited

Authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority with firm reference number 140848. Registered in the register of companies for England & Wales under number 315841 and having its registered office at 23 Great Winchester Street, London EC2P 2AX.

 
Deutsche Alternative Asset Management (Global) Limited

Authorized and regulated by the Financial Conduct Authority with firm reference number 458997. Registered in the register of companies for England & Wales under number 5603289 and having its registered office at Winchester House, 1 Great Winchester Street, London EC2N 2DB.

 
Deutsche Alternative Asset Management (UK) Limited

Authorized and regulated by the Financial Conduct Authority with firm reference number 146000. Registered in the register of companies for England & Wales under number 2478500 and having its registered office at 1 Appold Street, London EC2A 2UU.

 
Deutsche Asset Management (UK) Limited

Authorized and regulated by the Financial Conduct Authority with firm reference number 429806. Registered in the register of companies for England & Wales under number 5233891 and having its registered office at 1 Appold Street, London EC2A 2UU.

 
Deutsche Trustee Company Limited

Authorized and regulated by the Financial Conduct Authority with firm reference number 122126. Registered in the register of companies for England & Wales under number 338230 and having its registered office at Winchester House, 1 Great Winchester Street, London EC2N 2DB.

 
Tilney Investment Management

Authorized and regulated by the Financial Conduct Authority with firm reference number 124255. Registered in the register of companies for England & Wales under number 2010520 and having its registered office at Royal Liver Building, Pier Head, Liverpool L3 1NY.

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Last Update: February 1, 2016
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