Regulate financial markets in a consumer-friendly manner - introduce financial watchdogs and financial TÜV

Summary

Creation of an independent consumer protection authority as an approval body ("Finanz-TÜV") to examine financial market players and instruments, including gray market products and independent intermediaries, before they are approved; Addition of a financial watchdog based at the consumer advice centers with the right to hear and complain as well as tasks of consumer information and support, legal regulation of the Financing by financial companies

Machine translation from German. The official text remains authoritative.

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• 17/8764

  Drucksache · DE · 29 February 2012

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