Financial investment broker - permit
Anyone who intends to arrange for brokerage of financial investment products such as
- shares or stocks of domestic open-end investment funds, open-end EU investment products or foreign open-end investment products that are approved for sales pursuant to capital investment legislation,
- shares or stocks of domestic closed-end investment funds, closed-end EU investment products or foreign closed-end investment products that are approved for sales pursuant to capital investment legislation,
- asset investments within the scope of the Asset Investment Act
- investment brokerage in the sense of the Banking Act (including participation loans, subordinated loans and crowd funding),
on a commercial basis, requires permission from the competent authority (financial investment broker).
Staff members of financial investment brokers, who perform tasks in the area of financial investment brokerage and consultation, must also be registered in the Register of Financial Investment Brokers.
The CCI Berlin is in charge of registrations for companies based in Berlin.
Intermediaries, who perform financial brokering activities solely as a service for providers or issuers of asset investments in the sense of the Asset Investment Act or of closed-end alternative investment funds in the sense of capital investment legislation are exempt from the licensing obligation. They are registered in a public register kept by the Federal Financial Supervisory Authority (BaFin) (register of contractually bound brokers).
In the case of business partnerships (e. g. GbR, OHG, KG), each managing partners is considered a business person. In the case of legal entities (GmbH, UG or AG) permission is granted to the company.