Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
legal filing
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:42
Summary
This document details the regulations for compensation events, outlining the financial responsibilities of CRR credit institutions to the statutory compensation scheme. It specifies the conditions for extraordinary contributions and payments, as well as the process for determining the amount of funds required in the event of a compensation event.
Metadata
- Subject
- Compensation Event Regulations
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0066395, SDNY_GM_00212579
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| CRR credit institutions | legal | statutory compensation scheme | CRR credit institutions are assigned to the statutory compensation scheme and are obligated to pay contributions. |
| statutory compensation scheme | regulatory | BaFin | The statutory compensation scheme requires BaFin's approval for certain actions. |
Notable Quotes 2
The obligation to pay extraordinary contributions and make extraordinary payments shall only apply to CRR credit institutions that were already assigned to the statutory compensation scheme at the beginning of the contribution assessment year in which an extraordinary contribution or extraordinary payment is collected, and that still belonged to the statutory compensation scheme at the date on which the compensation event was determined.
With BaFin's approval, a statutory compensation scheme may require payment of higher extraordinary contributions in exceptional circumstances to safeguard the proper functioning of the statutory compensation scheme.
Financial Information
Amounts:0.5%
Transactions:
- extraordinary contributions
- extraordinary payments
- annual contributions
- one-time payments
- compensation payments
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowLegal matters/litigation
Organizations 4
CRRBaFinGerman public auditorGerman public auditing firm
Locations 1
Germany
Text Analysis
- Tone
- Professional
- Purpose
- To define the rules and regulations regarding compensation events and the financial obligations of CRR credit institutions to the statutory compensation scheme.
- Significance
- This document outlines the legal framework for handling compensation events and ensuring the financial stability of the statutory compensation scheme.
File Info
- File Name
- EFTA01372628.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:22.425853
- DOJ Source
- View on DOJ