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The Second Financial Market Stabilization Act by Marius A. Boewe
Mayer Brown LLP - Düsseldorf Office
Carsten Flasshoff
Mayer Brown LLP - Düsseldorf Office
Simon G. Grieser
Mayer Brown LLP - Frankfurt am Main Office
Kai Liebrich
Mayer Brown LLP - Frankfurt am Main Office
Jörg Wulfken
Mayer Brown LLP - Frankfurt am Main Office
Heinrich von Bünau
Mayer Brown LLP - Frankfurt am Main Office
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February 10, 2012
Previously published on February 10, 2012
The German Parliament (Bundestag) and the Bundesrat have resolved the 2nd Financial Market Stabilization Act (2nd FMStG, the Act). It will soon come into force. The Act empowers the Financial Market Stabilization Fund (SoFFin) again to provide stabilization measures according to the Financial Market Stabilization Fund Act (FMStFG) to the financial industry. The deadline for filing applications for most of the stabilization measures had ended on December 31, 2010.
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