🇩🇪Germany

Bußgelder für fehlende Informationspflichten

1 verified sources

Definition

In Germany, the US Form ADV Part 2 process maps to MiFID II PRIIPs/KID and WpHG disclosure mandates, requiring narrative brochures on fees, conflicts, and personnel. Non-delivery or incomplete brochures trigger BaFin enforcement with fines up to €5M or 5% turnover. Manual handling causes errors in updates and delivery tracking.

Key Findings

  • Financial Impact: €5,000-€100,000 per violation; 20-40 hours/month manual effort
  • Frequency: Annual delivery + event-driven updates
  • Root Cause: Manual brochure preparation, update tracking, and proof-of-delivery without digital audit trails

Why This Matters

This pain point represents a significant opportunity for B2B solutions targeting Investment Advice.

Affected Stakeholders

Compliance Officer, Client Onboarding Manager, Investment Advisor

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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