Authorisation to issue statutory instruments

(1) The Federal Ministry of Finance is authorised, by statutory instrument, to determine which reports, notifications, communications, reports, applications and other information, together with the documents necessary for that purpose, that must be submitted to the Bundesanstalt 1. under this Act and the statutory instruments issued under this Act, and 2. under the European Union regulations referred to in section 1(1), no. 8, and the European legal acts adopted to implement those Regulations, must be transmitted electronically. The statutory instrument may adopt further provisions on the nature, scope, timing, form and data format of the submissions under the first sentence, and may determine which electronic communication procedure is to be used for the respective obligation to submit information to the Bundesanstalt and which provisions apply to its use, and that there is an obligation to establish access to a reporting and publication system of the Bundesanstalt.
(2) The Federal Ministry of Finance may transfer the authorisation under subsection (1), by statutory instrument, to the Bundesanstalt. Statutory instruments under subsection (1) do not require the consent of the Bundesrat.