Monthly archives: August, 2011

Emission Allowances: Trading and possible Licensing Requirements

An increasing number of companies will be obliged to submit emission allowances in the future. More companies will participate in trading for the purpose of covering and securing their need for emission allowances. However, certain arrangements of such transactions can trigger a license requirement of the involved entity. Under certain circumstances, the application for a banking license for trading in emission allowances may be required. The German Supervisory Authority has clarified the scope of the […]

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