Financial investment broker - Apply for permission

• Personal reliability Reliability is verified based on various documents. The applicant must submit an excerpt from the Federal Central Criminal Register (certificate of good conduct) and an excerpt from the Commercial Central Register. • Orderly financial situation It is checked whether the applicant has debts (private or public) or whether insolvency proceedings are known. • Adequate insurance cover Proof of professional insurance cover for the business. • Expert knowledge Proof of successfully passed examination of competence before a CCI or a similar approved professional qualification. • To apply online: Register or log in with your BundID account.

• Application for a licence pursuant to § 34f of the Trade Regulations (GewO) (financial investment broker) You can submit your application online or you can use the form. • Identity document Identity card or other official identification document containing a photograph (not required for electronic applications). Residence permit, if the applicant is not an EU national • Certificate of good conduct for presentation to an authority service.berlin.de/dienstleistung/120926/ To verify personal reliability, information from the Federal Central Register (certificate of good conduct) is required for submission to an authority (document type O). The information must not be older than three months. • Excerpt from the central business register for presentation to an authority service.berlin.de/dienstleistung/327835/ To verify personal reliability, information from the central business register is required for submission to an authority (document type 9). The information must not be older than three months. • Information from the debtors' register (Central Enforcement Portal) service.berlin.de/dienstleistung/327028/ Information on entries can be requested online at the Central Enforcement Portal of the Federal States. (see "More information") • Information from the insolvency register service.berlin.de/dienstleistung/327527/ • Two certificates are required for initiating insolvency proceedings for natural persons who are residents of Berlin. The first certificate for consumer insolvency proceedings must be applied for with the local court responsible for your place of residence, and the second one for regular insolvency proceedings is available from the District Court Charlottenburg Amtsgerichtsplatz 1, 14057 Berlin. • The District Court Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin is responsible for insolvency proceedings for legal entities and private trade companies based in Berlin. • Applicants residing / operating outside of Berlin please inform themselves about the respective responsibilities of the insolvency courts via the central place and court directory (see "More Information"). • Proof of competence service.berlin.de/dienstleistung/330156/en/ Chamber of Industry and Commerce (Industrie- und Handleskammer or IHK) proof of professional qualification or another comparable recognised professional qualification. • Professional liability insurance www.gesetze-im-internet.de/finvermv/__9.html Confirmation from an insurance company that the financial investment broker has professional liability insurance cover. The confirmation must be no older than three months. • Up-to-date excerpt from the Trade Register www.handelsregister.de/rp_web/welcome.xhtml Registered companies please submit a current excerpt from the commercial register when applying. Legal entities in the process of formation (GmbH, AG) must submit the articles of association.

• Application for a licence pursuant to § 34f of the Trade Regulations (GewO) (financial investment broker) www.berlin.de/formularverzeichnis/?formular=/ordnungsamt/ste

EUR 90.00 to EUR 1,740.00 per effort

• Gewerbeordnung (GewO, Trade Regulation Act) § 34 f para. 1 www.gesetze-im-internet.de/gewo/__34f.html • Finanzanlagenvermittlungsverordnung (FinVermV, Ordinance on Financial Investment Brokers) www.gesetze-im-internet.de/finvermv/ • Kreditwesengesetz (KWG, Banking Act) § 2 para. 6 sentence 1 no. 8 - sector exemption www.gesetze-im-internet.de/kredwg/__2.html • Kreditwesengesetz (KWG) § 1 para. 1a no. 1 - definition of investment brokerage www.gesetze-im-internet.de/kredwg/__1.html • Kreditwesengesetz (KWG) § 2 para. 1 no. 10 - exemptions from the licensing requirement www.gesetze-im-internet.de/kredwg/__2.html • Vermögensanlagengesetz (VermAnlG, Investment Products Act) § 1 para. 2 - scope of application for investment products www.gesetze-im-internet.de/vermanlg/__1.html • Verwaltungsgebührenordnung (VGebO, Administrative Fees Ordinance) gesetze.berlin.de/bsbe/document/jlr-VwGebOBE2009rahmen

1 month

• Informationen to Financial investment broker (IHK Berlin) www.ihk.de/berlin/service-und-beratung/recht-und-steuern/gew • Information sheet on the exemption for the brokerage of investment funds and investments (BaFin) www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Merkblatt/mb_ • Financial investment broker - Register for the expert examination (service) service.berlin.de/dienstleistung/330156/en/ • Fee-based financial investment advisor - Apply for a license (service) service.berlin.de/dienstleistung/327481/en/ • Register of tied intermediaries pursuant to § 2 sec. 10 sentence 6 KWG (BaFin) www.bafin.de/DE/PublikationenDaten/Datenbanken/Vermittler/ve • Information from the debtor register (central enforcement portal of the federal states) www.vollstreckungsportal.de/zponf/allg/willkommen.jsf • Insolvency announcements online (justice portal of the federal states) neu.insolvenzbekanntmachungen.de/ap/ • Search for the competent court (central directory of places and courts) www.justizadressen.nrw.de/de/justiz/suche • Privacy policy (Public Order Offices of Berlin) www.berlin.de/formularverzeichnis/?formular=/wirtschaft/gewe • Register of intermediaries IHK - Apply for registration (service) service.berlin.de/dienstleistung/329370/en/

The application for the permit must be submitted to the Ordnungsamt (public order office) responsible for the place of business. If a place of business is not yet known, the permit can also be applied for at the Ordnungsamt responsible for the applicant's place of residence.