The document outlines the functions, powers, and regulations of statutory compensation schemes under the Act. It details the responsibilities of these schemes, including collecting contributions from CRR credit institutions, investing funds, and compensating creditors in case of a compensation event. The document also specifies the authority of the Federal Ministry of Finance to assign functions to legal persons and establish compensation schemes, as well as the assignment of CRR credit institutions to these schemes.
doj/DataSet10/EFTA01372627.pdf
{"key_people":["Federal Ministry of Finance"],"document_type":"legal","document_subtype":"statutory regulation","key_organizations":["BaFin","Kreditanstalt für Wiederaufbau (KfW)"],"reference_numbers":["section 23","section 22","section 24"]}