Influencers who inform their audience on the topic of investing are becoming increasingly popular. However, they are also monitored closely by competitors and regulators. Which legal regulations to consider and what companies should look out for when hiring finfluencers
Influencer, die sich zum Thema Geldanlage äußern, werden immer populärer. Allerdings stehen sie auch unter genauer Beobachtung von Konkurrenten und Aufsichtsbehörden. Welche gesetzlichen Regelungen zu bedenken sind und worauf Unternehmen achten sollten, die Finfluencer engagieren
On 31 December 2020, the transitional period, during which the law of the European Union continued to apply in the United Kingdom, expired. With this, the UK became a third country according to European financial supervisory law, meaning that UK fund managers now have to comply with stricter regulation regarding the distribution of their funds within Germany and the rest of the EU.
Cooperation arrangements between regulated entities such as payment service providers ("PSPs") and unregulated entities (“Corporate Servicers”) have a long tradition. PSPs have to consider whether the involvement of the Corporate Servicer in its business constitutes a material outsourcing. Recent legal developments, new products offered by PSPs as well as new IT products offered to PSPs create new challenges with respect to outsourcing provisions.
On 31 January 2020, the United Kingdom withdrew from the EU after having finally agreed on a withdrawal agreement. During a transitional period until 31 December 2020, the UK is treated in large parts as if it were still a member of the EU. Financial service providers can still use the established European legal framework for cross-border services from the EU to the UK or from the UK to the EU and profit from the advantages of a harmonised single market. But what happens afterwards?