Transitional provisions on the Banking Directive Implementation and Bureaucracy Relief Act

(1) For managers of financial holding companies authorised under section 2f and of mixed financial holding companies authorised under section 2f, the mandate restriction under section 25c(2) does not apply to mandates as manager and to mandates in administrative and supervisory bodies that the manager already held on 31 December 2025.
(2) The period under section 24(1), point 1, second half-sentence, and (3a), point 1, second half-sentence, and under section 24(1), point 15, second half-sentence, and (3a), point 4, second half-sentence, applies for the first time to persons for whom a notification duty arises from 1 April 2026.
(3) The duty under section 26d(1) enters into force on 11 January 2027 for the institutions named in section 26d(1), third sentence.
(4) Statutory instruments of the Federal Ministry of Finance that have ordered the full or partial application of the provisions of section 53b, with full or partial exemption from the provisions of section 53, to undertakings with their registered office in a third country, continue to apply. The first sentence does not apply in relation to CRD third-country branches under section 53c.
(5) With the exception of section 53cc(6) and sections 53ck and 53cl, sections 53c to 53cq apply only from 11 January 2027. For the purposes of applying sections 53ck and 53cl, section 53c(1) already applies from 11 January 2026.