Our free e-book about client protection and compliance (in german language)
This e-book explains the complex legal bases and rules of conduct, with practical relevance. Elaborating on these aspects, we explain the detailed consulting process with all the legal requirements, and the penalties for not obeying the laws, which every consultant must comply with in accordance with the new Financial Services Act (FIDLEG). At the end, we explain the other obligations which are necessary for your professional activity, such as:
The Ombudsman’s Office for financial service providers (Ombudstelle für Finanzdienstleister, OFD) we recommended was approved on June 24, 2020.
The register of consultants that we recommended has not yet been approved.
Compliance will increasingly determine and influence our work in the future. The new FIDLEG has also created a new supervisory regime.
Supervisory organisation – advisor register – ombudsman to replace the current concept. It is going to be more and more difficult for consultants to find their way in this construct. A structured way of working within the framework of the law is even more important.
The yearly audits and inspections of their adherence are becoming more and more important.
No respectable consultant wants to jeopardize their career prospects by negligence.
FinConPro offers high consulting security.