Before banks, financial services providers, asset management companies, insurers or pension funds can commence operations, they need written authorisation from BaFin. An exception applies to companies from another signatory state to the Agreement on the European Economic Area, which simply must notify BaFin of their intention to provide cross ... More @Wikipedia
Hover over any link to get a description of the article. Please note that search keywords are sometimes hidden within the full article and don't appear in the description or title.