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Conformity Declaration according to Investment Ordinance (AnlV)

SSB Intl GmbH hereby makes available the conformity declaration pursuant to § 2 (1) No. 18b of the AnlV.

Legal background (§ 2 (1) No. 18b of the AnlV

The security assets can be invested in / Investments with a credit institution domiciled in an EEA State subject to the requirements of Directive 2013/36/EU of the European Parliament and of the European Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87 / EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176, 27.6.2013, p. 338), most recently amended by Directive 2014/59/EU (OJ L 176, 27.6.2013, p 190), as long as the credit institution confirms in writing to the insurance company that it complies with the current provisions governing own funds and liquidity provisions of credit institutions applicable at its registered office (eligible credit institution).

Please note: This translation is provided for information purposes only. In case of discrepancy the German wording shall prevail.


What is MiFID?

On 3 January 2018 a material part of the German implementation act on the revised Directive on Markets in Financial Instruments II (MiFID II) and the accompanying regulations entered into force. Compared to MIFID I, the new directive MiFID II contains a large number of new rules on trading in financial instruments. This includes overarching issues relating to financial market infrastructure, for example the regulation of trading venues, as well as revised regulations for financial market participants regarding the distribution of financial instruments to investors.

MiFID II is complemented by the Markets in Financial Instruments Regulation (MiFIR) which is directly applicable and focuses on market transparency of transactions in financial instruments.

In Germany, MiFID II was transposed into national law by the Second Financial Markets Amendment Act (Zweites Finanzmarktnovellierungsgesetz – 2nd FiMaNoG). The 2nd FiMaNoG contains extensive amendments in particular to the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG), as well as to other regulatory frameworks, such as the German Stock Exchange Act (Börsengesetz – BörsG) and the German Banking Act (Kreditwesengesetz – KWG).


Order Execution Policy, Germany, January 2018

The current version of the Order Execution Policy of State Street Bank International GmbH, London branch is available under this link

Summary of the Conflicts of Interest Policy, Germany, January 2018