Authors: Andreas Dehio, Maria Risse

Germany - FRQ - Lex Wirecard - Implications on Outsourcing

It is probably fair to say that there are not too many laws that have been as eagerly anticipated as the „Lex Wirecard“, now known as the “Law to strengthen the Integrity of the financial markets”. Given the importance of outsourcing and its widespread use in today’s financial world which allows for an optimisation of processes, the new draft rules for the regulatory requirements on outsourcing are likely to affect all regulated entities in Germany but also their service providers globally.