“Draft unrealistic Ohoven: bondholders Act revise draft unrealistic Berlin – as totally unrealistic” the President of the Federation has criticized SMEs (BVMW), Mario Ohoven, the new bond law. Ohoven said the legislature would be well advised to take the warnings of banks seriously and thoroughly to revise the draft law”on the occasion of the adoption scheduled for tomorrow in the German Bundestag. The planned new regulation far beyond the goal shoot also with all understanding for the legitimate concerns of the investor protection. “The week-long withdrawal at telephone investment advice open to manipulation in stock transactions”, warned Ohoven. The logging mandatory load additional bureaucracy on the banks.
Ohoven pointed out that 75 percent of the transactions are handled by phone. Learn more at: baby clothes. This shows the relevance of the bondholders Act.” The Bill also violates EU law, which explicitly excludes a similar escape clause. It shows up again, said Ohoven, that well-intentioned often the opposite of mean well done. Also in the banking industry it is critical of the recommendation: Thus an open-ended speculation would an opportunity at the expense of credit institutions customers as a result. Apparently the policy takes also aware in purchase, violating the stringent European law”, so the Central Credit Committee (ZKA). The withdrawal scheme was contrary to the EU specifications of remote sales law, which explicitly exclude such a right.
The ZKA fears banks will restrict telephone advice what is not in the interests of the customers. The opposition in the Bundestag urged to follow the example of Great Britain, and to stop the Commission-based advice. The existing Commission systems provide unnecessarily many disincentives advising seller and broker of financial products, which primarily The consumer policy spokesman of the FDP Bundestag group, Hans-Michael Goldmann complaining about line at the expense of customers go”. The commissions were part of the problem with inadequate consultation. He demanded as soon as possible”a solution to the remuneration of consultants. A message from NeueNachricht. NeueNachricht is responsible for the content.