StegX is headquartered in Germany and is fully compliant with German regulations, operating under the oversight of Bafin (Federal Financial Supervisory Authority). We function under the German Securities Institutes Act (Wertpapierinstitutsgesetz - WpIG) as a Tied Agent of BMCP GmbH, Munich. In this article, you will find detailed insights into our legal structures.
What Is the Legal Framework Governing StegX's Operations?
StegX GmbH operates within a robust legal framework under the German Securities Institutes Act (Wertpapierinstitutsgesetz - WpIG), authorized as a Tied Agent of BMCP GmbH, Munich. This authorization enables us to focus exclusively on investment brokerage, ensuring that all transactions are conducted in compliance with stringent regulatory standards.
A Tied Agent is a firm or individual who conducts brokerage services on behalf of another company but is not part of that company. In the context of German financial regulation, a tied agent operates under the responsibility of the principal company, which in the case of StegX, is BMCP GmbH.
StegX does not act as a custodian. This means we do not hold your assets on our balance sheet. Instead, our platform serves as an intermediary between investors and asset managers or asset owners. For more information on where your assets are held please take a look at this article: Where Are My Assets Held
What Is the Legal Framework for Operations Across Europe?
StegX GmbH benefits from the harmonized legal environment within Europe, allowing us to seamlessly operate across Europe under a unified regulatory framework. This common legal system enhances our ability to operate efficiently throughout the European Economic Area (EEA).
What Is the Legal Framework for Global Operations?
Globally, StegX collaborates with a variety of distribution partners to extend our services worldwide, ensuring that our clients receive the best possible support regardless of their location.
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