(1) For an institution that holds authorisation to provide the crypto custody business within the meaning of section 1(1a), second sentence, point 6, on 29 December 2024, authorisation to provide the qualified crypto custody business within the meaning of section 1(1a), second sentence, point 6, in the version of 30 December 2024, is deemed to have been granted.
(2) Section 29(1), second sentence, point 2, letter m, applies for the first time to accounting documents for a financial year beginning after 31 December 2024.
(3) Section 1a(2a) applies from 1 January 2027. The reporting requirements under Chapter III of Regulation (EU) 2022/2554 apply from 17 January 2025.
Annex I
Depositor Information Sheet
(Source: Federal Law Gazette I 2015, pp. 810-811; for individual amendments see footnote)
Deposits at (insert name of credit institution) are protected by: [insert name of the relevant deposit guarantee scheme]
(1) Coverage limit: EUR 100,000 per depositor per credit institution (2) [replace with the equivalent amount if the currency is not the euro]
[If applicable:] The following trading names are part of your credit institution [insert all trading names operating under the same licence]
If you have more than one deposit with the same credit institution: All your deposits with the same credit institution are "aggregated" and the total is subject to the limit of EUR 100,000 [replace with the equivalent amount if the currency is not the euro] (2)
If you have a joint account with one or more other persons: The limit of EUR 100,000 [replace with the equivalent amount if the currency is not the euro] applies to each individual depositor (3)
Reimbursement period in the event of a credit institution's failure: 20 working days until 31 May 2016, and 7 working days from 1 June 2016
Currency of reimbursement: euro [where applicable, replace with another currency]
Contact details: [insert contact details of the relevant deposit guarantee scheme (address, telephone, email, etc.)]
Further information: [insert website of the relevant deposit guarantee scheme]
Acknowledgement of receipt by the depositor:
Additional information (for all or some of the points below)
(1) [Only if applicable:] Your credit institution is part of an institutional protection scheme officially recognised as a deposit guarantee scheme. This means that all institutions that are members of this deposit guarantee scheme mutually support one another so as to avoid insolvency. In the event of insolvency, your deposits will be reimbursed up to EUR 100,000 [replace with the equivalent amount if the currency is not the euro].
[Only if applicable:] Your deposit is covered by a statutory deposit guarantee scheme. In the event of your credit institution's insolvency, your deposits will in any case be reimbursed up to EUR 100,000 [replace with the equivalent amount if the currency is not the euro].
[Only if applicable:] Your deposit is covered by a statutory deposit guarantee scheme and a contractual deposit guarantee scheme. In the event of your credit institution's insolvency, your deposits will in any case be reimbursed up to EUR 100,000 [replace with the equivalent amount if the currency is not the euro].
[Only if applicable:] Your deposit is covered by a statutory deposit guarantee scheme. In addition, your credit institution is part of an institutional protection scheme in which all members mutually support one another so as to avoid insolvency. In the event of insolvency, your deposits will be reimbursed by the deposit guarantee scheme up to EUR 100,000 [replace with the equivalent amount if the currency is not the euro].
(2) Should a deposit be unavailable because a credit institution is unable to meet its financial obligations, depositors are compensated by the deposit guarantee scheme. The relevant coverage amount is a maximum of EUR 100,000 [replace with the equivalent amount if the currency is not the euro] per credit institution. This means that all deposits held with the same credit institution are added together when determining this amount. For example, if a depositor holds EUR 90,000 in a savings account and EUR 20,000 in a current account, he or she will be reimbursed only EUR 100,000.
[Only if applicable:] This method is also applied where a credit institution operates under different trading names. [insert name of the account-holding credit institution] also operates under the name(s) [insert all other trading names of the same credit institution]. This means that the total of all deposits with one or more of these trading names is covered up to EUR 100,000.
(3) For joint accounts, the limit of EUR 100,000 applies to each depositor.
[Only if applicable:] However, deposits in an account to which two or more persons have disposal as members of a partnership with legal capacity or a professional practice, an association, or a similar entity without legal personality are aggregated and treated as a deposit of a single depositor when calculating the limit of EUR 100,000 [replace with the equivalent amount if the currency is not the euro].
In the cases under section 8(2) to (4) of the Deposit Guarantee Act, deposits are protected beyond EUR 100,000 [replace with the equivalent amount if the currency is not the euro].
Further information is available at [insert website of the relevant deposit guarantee scheme].
(4) Reimbursement [to be adapted] The competent deposit guarantee scheme is [insert name, address, telephone, email, and website]. It will reimburse your deposits (up to EUR 100,000 [replace with the equivalent amount if the currency is not the euro]) within 20 working days at the latest until 31 May 2016, and within 7 working days from 1 June 2016.
If you have not received reimbursement within these time limits, you should contact the deposit guarantee scheme, since the period during which claims for reimbursement may be made could expire after a certain time.
Further information is available at [insert website of the competent deposit guarantee scheme].
Other important information
Deposits of retail customers and undertakings are generally covered by deposit guarantee schemes.
Exceptions applicable to certain deposits are stated on the website of the competent deposit guarantee scheme.
Your credit institution will also inform you, upon request, whether certain products are covered or not.
Where deposits are eligible for compensation, the credit institution will also confirm this on the account statement.