Commission ban not off the table

Massive interventions by the FDP and industry lobbyists have prevented the EU Commission’s planned ban on commissions for the sale of financial products. For the time being. But after the Bafin in Germany is taking a closer look it becomes clear: A restriction on the so far unbridled practice is likely to come.

It was a tweet by FDP member of the Bundestag Frank Müller-Rosentritt that caused irritation among Ampel colleagues: „Thanks to intensive intervention by the @BMF_Bund and the @fdpbt, we were able – against the express will of our coalition partners – to stop the #provision ban for the time being.“

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