Source: BUS Sachsen-Anhalt (Linie6PLus)

As a manager of a credit institution, indicate secondary activities

Description

As a manager of a credit institution, you must have enough time for your tasks. The number of other mandates you may take on is therefore limited. The Federal Financial Supervisory Authority (BaFin) checks this, and also whether any conflicts of interest could arise from the activities.
You must therefore notify BaFin if you begin or end any of the following activities at another company:

Managing director
Member of the supervisory or administrative board.

In addition, you must submit your notification to the Deutsche Bundesbank.

Prerequisites

You are a managing director or you actually run the business
- of an institution,
- a financial holding company, or
- a mixed financial holding company
The Federal Financial Supervisory Authority is the competent supervisory authority.
You start or end one of the following activities at another company:
- Managing director
- Member of the supervisory or administrative board. Also applies to mandates in
  - facultative supervisory boards
  - advisory boards, if the tasks and powers of the advisory board correspond to those of an administrative or supervisory body and are regulated by law, by the articles of association or by the company statutes.

Required documents

Information on time availability: form "Secondary activities of managers of an institution or of persons who actually manage the business of a financial holding company or a mixed financial holding company".
insofar as several mandates which you hold are considered to be one: Evidence through corresponding explanations or documents
in the case of mandates as a representative of the federal government or the federal states: corresponding articles of association as an annex or citation of the legal basis

Detailed information on the required documents and disclosures can be found in BaFin's "Merkblatt zu den Geschäftsleitern gemäß KWG, ZAG und KAGB".

where appropriate, opposition
Administrative court action, if necessary

Applications / Forms

Forms: yes

Online procedure possible: no

Written form required: yes

Personal appearance required: no

Formular "Anlage 6 (zu § 11 Abs. 1 AnzV) NT: Nebentätigkeiten von Geschäftsleitern eines Instituts oder von Personen, die die Geschäfte einer Finanzholding-Gesellschaft oder einer gemischten Finanzholding-Gesellschaft tatsächlich führen"

Procedure

You must submit a single copy of your notification to

the Federal Financial Supervisory Authority and
the head office of the Deutsche Bundesbank responsible for the institution or company. The head office responsible is the one in whose territory the head office of the institution or company is located.

Proceed as follows:

Go to the BaFin website and download the following form:
- "Annex 6 (to Section 11 (1) AnzV) NT: Secondary activities of managers of an institution or of persons who actually manage the business of a financial holding company or a mixed financial holding company".
Fill out the form completely and truthfully. You can do this directly on your computer and print it out.
Compile all the required documents and send them by mail.