Record requirement

In Germany, banks are required to prepare minutes of securities transactions with their customers and make them available to the supervisory authority at any time. – See Dossier obligation, False advice. – Cf. 2001 Annual Report of the Federal Supervisory Office for Securities Trading, p. 13, 2012 Annual Report of BaFin, p. 164 (BaFin sees shortcomings in advisory records), 2013 Annual Report of BaFin, p. 115 f. (improved quality of advisory records; accusation that record requirement leads to decline in business of securities service providers), p. 165 (product supervision and monitoring).

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