BaFin raises reporting threshold for proprietary trading by executives

In October, the Federal Financial Supervisory Authority (BaFin) published a consultation on a draft general ruling. With this ruling, it intends to raise the reporting threshold for proprietary trading by executives from €20,000 to €50,000, thereby making full use of the leeway granted to it under Article 19 of the EU Market Abuse Regulation. This regulation is scheduled to come into force on 1 January 2026.
 

Deutsches Aktieninstitut supports the proposed increase. The adjustment is intended to reduce the number of reporting requirements, thereby easing the organisational and financial burden on executives, issuers and the BaFin. Small-volume transactions will become less significant for the market, while substantial transactions will remain transparent. The measure thus promotes information efficiency and the attractiveness of the German and European capital markets.