Notification Detail | TRIS - European Commission

Draft law on financing future-proof investments

Notification Number:

2023/0497/DE (Germany)

Date received:

09/08/2023

End of Standstill:

10/11/2023 (closed)

Draft Text:

DE EN

Final Text:

DE EN

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Message

Message 001

Communication from the Commission - TRIS/(2023) 2380

Directive (EU) 2015/1535

Notification: 2023/0497/DE

Notification of a draft text from a Member State

Notification – Notification – Notifzierung – Нотификация – Oznámení – Notifikation – Γνωστοποίηση – Notificación – Teavitamine – Ilmoitus – Obavijest – Bejelentés – Notifica – Pranešimas – Paziņojums – Notifika – Kennisgeving – Zawiadomienie – Notificação – Notificare – Oznámenie – Obvestilo – Anmälan – Fógra a thabhairt

Does not open the delays - N'ouvre pas de délai - Kein Fristbeginn - Не се предвижда период на прекъсване - Nezahajuje prodlení - Fristerne indledes ikke - Καμμία έναρξη προθεσμίας - No abre el plazo - Viivituste perioodi ei avata - Määräaika ei ala tästä - Ne otvara razdoblje kašnjenja - Nem nyitja meg a késéseket - Non fa decorrere la mora - Atidėjimai nepradedami - Atlikšanas laikposms nesākas - Ma jiftaħx il-perijodi ta’ dewmien - Geen termijnbegin - Nie otwiera opóźnień - Não inicia o prazo - Nu deschide perioadele de stagnare - Nezačína oneskorenia - Ne uvaja zamud - Inleder ingen frist - Ní osclaíonn sé na moilleanna

MSG: 20232380.EN

1. MSG 001 IND 2023 0497 DE EN 09-08-2023 DE NOTIF

2. Germany

3A. BMWK, Referat EB3, infonorm@bmwk.bund.de

3B. BMJ, Referat III A 5, IIIa5@bmj.bund.de

4. 2023/0497/DE - SERV60 - Internet services

5. Draft law on financing future-proof investments

6. Electronic issuance of shares; Provision of electronic securities registers in which electronic shares are entered

7.

8. Digitalisation in the capital market is being promoted. The amendment to the Shares Act (Article 13 of the draft) and the Electronic Securities Act (Article 16 of the draft) will open German legislation to electronic shares. This includes, on the one hand, registered shares, registered either in a central register or in a crypto-security register (using blockchain technology or comparable distributed ledger technologies) and, on the other hand, electronic bearer shares registered in a central register. This means that the securities document currently required under German law can also be replaced in future in the case of shares by an entry in an electronic securities register.

The impact assessment can be found on pages 2 to 3.

9. The German financial market and Germany as a location are to become more attractive for both national and international companies and investors through digitalisation, debureaucratisation and internationalisation. Shares should become more attractive as a capital investment. In practice, there is a need to be able also to issue shares electronically.

10. Reference to the basic texts: The basic texts were submitted as part of an earlier notification:
2020/0800/D

11. No

12.

13. No

14. No

15. No

16.
TBT aspects: No

SPS aspects: No

**********
European Commission
Contact point Directive (EU) 2015/1535
email: grow-dir2015-1535-central@ec.europa.eu

Disclosed messages

message-id	Year	Number	Country	Type	Title	Date received	Is answer to
108959	2024	2009	COMEuropean Commission	049	Acknowledgement of receipt of the adopted text	24-07-2024

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