In the case of institutions, according to German legal terminology, natural persons who are appointed by law, the articles of association or the partnership agreement to manage the business of a credit institution or a financial services institution; cf. section 1, paragraph 2 of the German Banking Act (KWG) and sections 32, 33 of the KWG. Organizational measures must also be taken to ensure that operations continue to run smoothly even if the management is prevented from doing so. – See dismissal order, banking license. – See 2001 Annual Report of the Federal Supervisory Office for Securities Trading, p. 13, 2009 Annual Report of BaFin, p. 78 (restriction of managing director mandates), 2013 Annual Report of BaFin, p. 43 et seq. (compliance of managing directors).
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/