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BaFin: Publication of Circular 10/2025 (BA) on the SNCI status (Veröffentlichung des Rundschreibens 10/2025 (BA) zum SNCI-Status) -
Status: Final -
BaFin published its Circular 10/2025 (BA) on the SNCI status (small and non complex institution). It points out that newly founded institutions may already receive the SNCI status during their first year of existence if they fulfil all criteria pursuant to Aticle 4(1)(145)(a)-(h) CRR. This allows them to benefit from reduced notification requirements. In particular, the Circular details the differences between the application of these criteria during the first year of existence compared to any later application.
Please see full publication below for more information.
