Who is affected by the BaFin Futures Rules?

Overview: 

On September 30, 2022, a General Administrative Act was adopted by BaFin that restricts the marketing, distribution and sale of futures with an Additional Payment Obligation (APO). The act became effective on January 1, 2023…

On September 30, 2022, a General Administrative Act was adopted by BaFin that restricts the marketing, distribution and sale of futures with an Additional Payment Obligation (APO). The act became effective on January 1, 2023.

Note…

After the BaFin Futures Rules went into affect, IBKR managed its risk by increasing the Initial and Maintenance margin requirements for all new Futures positions after 1 January 2023 that are entered into by Retail Clients domiciled in Germany. The margin changes are:…

As of January 1, 2023, IBKR is required to withhold 10% of the gross proceeds from the sale of MLPs by non-US clients. A client can review the withholding tax on their Activity Statement under the Transaction Fees section.

Additional Information…