Compensatory fund of securities trading companies (EdW)

Since August 1998, special regulations have been in force in Germany for the protection of customer funds, laid down in the Deposit Protection and Investor Compensation Act, EAEG (law to secure deposits and compensate investors). Financial service providers, banks that are not deposit-taking institutions, and capital management companies are subject to the Compensation Scheme of Securities Trading Companies (EdW), which is based in Berlin. This is supervised by the Federal Financial Supervisory Authority. – See Deposit insurance. – Cf. BaFin Annual Report 2007, p. 205 (list of supervised compensation schemes), BaFin Annual Report 2008, p. 199 et seq. (legal developments; individual cases), BaFin Annual Report 2009, p. 226 (reform of the Deposit Guarantee and Investor Compensation Act), BaFin’s 2010 Annual Report, p. 243 f. (supervision of EdW; individual cases), BaFin’s 2012 Annual Report, p. 211 f. (financing issues; compensation cases), and the respective BaFin Annual Report, chapter “Cross-Sectional Tasks.”

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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