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GBIC comment on the draft bill to amend the Foreign Trade Act

Ina Brüggemann

The German Banking Industry Committee (GBIC) has submitted a statement on the amendment of the Foreign Trade and Payments Act. In it, GBIC calls for the retention of the so-called grace period in Section 18 (11) AWG and the introduction of the possibility of comprehensive voluntary disclosure exempting from punishment. 

DK-Stellungnahme Änderung Außenwirtschaftsgesetz

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Ina Brüggemann

European and International Affairs

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GBIC comments on amending Delegated Regulation (EU) 2019/98

The German Banking Industry Committee (GBIC) welcomes the objective of revising Commission Delegated Regulation (EU) 2019/980 to simplify prospectus requirements, streamline their content and further standardise format and structure, thereby reducing administrative burdens for issuers, improving comparability for investors and strengthening access to EU capital markets.