Frankfurt, Germany, March 24, 2011 --(PR.com
)-- One of the Policy Statements of the Final Policy states “Offers of Securities on the Internet”. This statement informs the public about providing offers over internet assurance which is under the regulation of the Corporation Law and that Financial Services Regulatory Authority of Frankfurt will take into account internet offers to undergo regulatory proceedings.
Mr. Gerard Schneider, one of Financial Services Regulatory Authority of Frankfurt Commissioners, stated that the publication of this concluding internet policy is an expansion of the Financial Services Regulatory Authority of Frankfurt commitment of adjusting to its regulatory approaches to the new challenges of the up-and-coming technology, particularly in the area of electronic commerce.
By expounding the internet regulatory policy on the emerging circumstances in which Financial Services Regulatory Authority of Frankfurt needs to regulate internet offers, advertisement of securities and invitations for shares, debentures and managed investments Financial Services Regulatory Authority of Frankfurt endeavors to lessen the regulatory costs for issuers of securities and uphold the use of internet as alternative means of doing regulated businesses.
The disclosure of the Internet Policy Statement also supports Financial Services Regulatory Authority of Frankfurt perpetual collaborative efforts with other international regulatory bodies to synchronize regulatory means and to enhance effective enforcement plans that focus on internet fund-raising activities.
However, Financial Services Regulatory Authority of Frankfurt will not regulate any internet undertaking for securities offers in no misconduct takes place within the regulatory jurisdictions of the country, particularly if the offer is not offered to the market participants of Germany and clearly shows no effects to the economy and the people of Germany.
Furthermore, Financial Services Regulatory Authority of Frankfurt approach will be in harmony with that by other international regulators, especially in US and United Kingdom. The entire regulatory bodies’ efforts to regularize the requirements of various regulatory jurisdictions are expected to diminish the issuers’ compliance costs.
Financial Services Regulatory Authority of Frankfurt, as part of its continuing effort of serving the global consumers, will continue to be an active participant in the global regulatory discussions, especially in its involvement on the International Organizations of Securities Commissions, to ensure balanced market and business opportunities and avoid market frauds.