{"id":1062,"date":"2023-03-03T12:30:40","date_gmt":"2023-03-03T12:30:40","guid":{"rendered":"https:\/\/pasquay-legal.com\/vertrieb-aufsicht\/"},"modified":"2025-10-07T11:00:46","modified_gmt":"2025-10-07T11:00:46","slug":"vertrieb-aufsicht","status":"publish","type":"page","link":"https:\/\/pasquay-legal.com\/en\/vertrieb-aufsicht\/","title":{"rendered":"Sales &#038; Supervision"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1062\" class=\"elementor elementor-1062 elementor-44\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f3ba56c e-flex e-con-boxed e-con e-parent\" data-id=\"f3ba56c\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f729220 elementor-widget elementor-widget-heading\" data-id=\"f729220\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Distribution &amp; Supervision<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e86e5dd elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"e86e5dd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Distribution law \u2013 legally compliant design, efficient implementation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-493b36a elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"493b36a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The distribution of financial instruments is highly regulated and subject to liability \u2013 and at the same time a key success factor for every placement. From distribution strategy and the drafting of customer documents to the regulatory review of processes, I provide comprehensive and practical advice on setting up your distribution organization in a legally compliant manner.<\/p><p>Regulatory requirements have increased significantly in recent years, particularly for issuers, distribution platforms, financial investment brokers, and securities institutions. Violations\u2014such as those relating to documentation or information requirements\u2014can not only lead to prohibitive orders by the supervisory authority, but also to civil liability towards investors.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d99f778 e-flex e-con-boxed e-con e-parent\" data-id=\"d99f778\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;shape_divider_top&quot;:&quot;tilt&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-shape elementor-shape-top\" aria-hidden=\"true\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n\t<path class=\"elementor-shape-fill\" d=\"M0,6V0h1000v100L0,6z\"\/>\n<\/svg>\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-53c83fb e-con-full e-flex e-con e-child\" data-id=\"53c83fb\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8c0ae59 elementor-widget elementor-widget-text-editor\" data-id=\"8c0ae59\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tI support you in developing and legally structuring a legally sound sales architecture that is tailored to your product, your target group, and your regulatory situation. This includes in particular:\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aaec9b6 elementor-align-left elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"aaec9b6\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Legal review and design of distribution structures (including white label, tipster, and platform models)<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Drafting of brokerage and distribution partner agreements<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Drafting commission agreements (including kickback issues and product cost breakdown in accordance with the PRIIPs Regulation)<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Review of licensing requirements in accordance with Section 34f of the German Trade Regulation Act (GewO), Section 15 of the German Securities Trading Act (WpIG) or Section 32 of the German Banking Act (KWG)<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-97f6c12 elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-widget elementor-widget-image\" data-id=\"97f6c12\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"280\" height=\"206\" src=\"https:\/\/pasquay-legal.com\/wp-content\/uploads\/2025\/10\/Monet_-_house-of-parliament-sun.jpg\" class=\"attachment-large size-large wp-image-1396\" alt=\"Houses of Parliament, Sunlight Effect\u201c (ca. 1903\u20131904) \u2013 Claude Monet\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Houses of Parliament, Sunlight Effect\u201c (ca. 1903\u20131904) \u2013 Claude Monet<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8ea3384 e-con-full e-flex e-con e-child\" data-id=\"8ea3384\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4a8e4bc elementor-view-stacked elementor-shape-square elementor-widget elementor-widget-icon\" data-id=\"4a8e4bc\" data-element_type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"far fa-lightbulb\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0aa2959 e-con-full e-flex e-con e-child\" data-id=\"0aa2959\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c375870 elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"c375870\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\"> Legally compliant distribution starts with the right structure.<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e306bc elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"2e306bc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>I analyze your initial situation and work with you to develop a model that is both regulatory compliant and economically viable.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fdac123 e-flex e-con-boxed e-con e-parent\" data-id=\"fdac123\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;shape_divider_top&quot;:&quot;tilt&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-shape elementor-shape-top\" aria-hidden=\"true\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n\t<path class=\"elementor-shape-fill\" d=\"M0,6V0h1000v100L0,6z\"\/>\n<\/svg>\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1ca2570 e-con-full e-flex e-con e-child\" data-id=\"1ca2570\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1fa4fdf elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"1fa4fdf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Product documentation &amp; information requirements<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ad14d75 elementor-widget elementor-widget-text-editor\" data-id=\"ad14d75\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe MiFID II regulation and its implementation in the WpHG and in Delegated Regulation (EU) 2017\/565 require a wide range of information and documentation obligations. I prepare or review the following for you:\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a2469d elementor-align-left elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"5a2469d\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Suitability and appropriateness assessments in accordance with Section 64 (3) WpHG<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Advisory documentation and advisory records<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Pre-contractual information and customer letters<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">General terms and conditions<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Legally required information on risks, conflicts of interest, target market, sustainability, etc.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Product-related customer information in accordance with MiFID II, PRIIPs Regulation, and WpDVerOV<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-afb2347 e-con-full e-flex e-con e-child\" data-id=\"afb2347\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ede0c0a elementor-view-stacked elementor-shape-square elementor-widget elementor-widget-icon\" data-id=\"ede0c0a\" data-element_type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"far fa-lightbulb\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-48b4861 e-con-full e-flex e-con e-child\" data-id=\"48b4861\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5f566bf elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"5f566bf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Incorrect or incomplete information is a common source of investor complaints and fines.<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-50d5068 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"50d5068\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>I ensure that your documentation is complete, legally compliant, and understandable.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2f28504 e-flex e-con-boxed e-con e-parent\" data-id=\"2f28504\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;shape_divider_top&quot;:&quot;tilt&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-shape elementor-shape-top\" aria-hidden=\"true\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n\t<path class=\"elementor-shape-fill\" d=\"M0,6V0h1000v100L0,6z\"\/>\n<\/svg>\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bc28ea9 e-con-full e-flex e-con e-child\" data-id=\"bc28ea9\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-685883f elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"685883f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Advertising communications &amp; digital distribution channels<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3cb0b3d elementor-widget elementor-widget-text-editor\" data-id=\"3cb0b3d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe requirements for marketing materials are strict: All information must comply with legal requirements\u2014in particular with regard to clarity, truthfulness, and the avoidance of misleading statements (Section 63 (6) WpHG, Art. 44 ff. DelVO 2017\/565). I can provide legal advice on:\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf021b3 elementor-align-left elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"cf021b3\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Creating, reviewing, and approving advertising materials (e.g., flyers, websites, videos, social media)<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Drafting disclaimer texts and risk warnings<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Legal structuring of online subscription platforms and subscription processes<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Data protection requirements (in particular under the GDPR and TTDSG)<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-852e1dd e-con-full e-flex e-con e-child\" data-id=\"852e1dd\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-29c0ee1 elementor-view-stacked elementor-shape-square elementor-widget elementor-widget-icon\" data-id=\"29c0ee1\" data-element_type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"far fa-lightbulb\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9bfa846 e-con-full e-flex e-con e-child\" data-id=\"9bfa846\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d190d0c elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"d190d0c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Digital distribution in particular is subject to increased transparency and data protection requirements.<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be5cc3e elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"be5cc3e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tI can help you set up your processes in a legally compliant manner while still remaining sales-effective.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-41a568f e-flex e-con-boxed e-con e-parent\" data-id=\"41a568f\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;shape_divider_top&quot;:&quot;tilt&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-shape elementor-shape-top\" aria-hidden=\"true\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n\t<path class=\"elementor-shape-fill\" d=\"M0,6V0h1000v100L0,6z\"\/>\n<\/svg>\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3aaaa48 e-con-full e-flex e-con e-child\" data-id=\"3aaaa48\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-95eb643 elementor-view-stacked elementor-shape-square elementor-widget elementor-widget-icon\" data-id=\"95eb643\" data-element_type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"far fa-calendar-alt\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e3dece9 e-con-full e-flex e-con e-child\" data-id=\"e3dece9\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1c3d622 elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"1c3d622\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Do you want to distribute financial instruments or set up your sales processes in a legally compliant manner?<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c6575f6 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"c6575f6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tLet&#8217;s analyze your structure and documentation together and develop a viable solution that is both legally sound and commercially successful.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-605cbc8 elementor-widget elementor-widget-button\" data-id=\"605cbc8\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/calendly.com\/mail-373\/meeting-with-marie-pasquay?month=2025-09\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">free initial consultation<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Distribution &amp; Supervision Distribution law \u2013 legally compliant design, efficient implementation The distribution of financial instruments is highly regulated and subject to liability \u2013 and at the same time a key success factor for every placement. From distribution strategy and the drafting of customer documents to the regulatory review of processes, I provide comprehensive and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-1062","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sales &amp; Supervision - Kanzlei Pasquay<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pasquay-legal.com\/en\/vertrieb-aufsicht\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sales &amp; Supervision - Kanzlei Pasquay\" \/>\n<meta property=\"og:description\" content=\"Distribution &amp; Supervision Distribution law \u2013 legally compliant design, efficient implementation The distribution of financial instruments is highly regulated and subject to liability \u2013 and at the same time a key success factor for every placement. From distribution strategy and the drafting of customer documents to the regulatory review of processes, I provide comprehensive and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pasquay-legal.com\/en\/vertrieb-aufsicht\/\" \/>\n<meta property=\"og:site_name\" content=\"Kanzlei Pasquay\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-07T11:00:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pasquay-legal.com\/wp-content\/uploads\/2025\/10\/Monet_-_house-of-parliament-sun.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pasquay-legal.com\/en\/vertrieb-aufsicht\/\",\"url\":\"https:\/\/pasquay-legal.com\/en\/vertrieb-aufsicht\/\",\"name\":\"Sales & Supervision - Kanzlei Pasquay\",\"isPartOf\":{\"@id\":\"https:\/\/pasquay-legal.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pasquay-legal.com\/en\/vertrieb-aufsicht\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pasquay-legal.com\/en\/vertrieb-aufsicht\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pasquay-legal.com\/wp-content\/uploads\/2025\/10\/Monet_-_house-of-parliament-sun.jpg\",\"datePublished\":\"2023-03-03T12:30:40+00:00\",\"dateModified\":\"2025-10-07T11:00:46+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pasquay-legal.com\/en\/vertrieb-aufsicht\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pasquay-legal.com\/en\/vertrieb-aufsicht\/#primaryimage\",\"url\":\"https:\/\/pasquay-legal.com\/wp-content\/uploads\/2025\/10\/Monet_-_house-of-parliament-sun.jpg\",\"contentUrl\":\"https:\/\/pasquay-legal.com\/wp-content\/uploads\/2025\/10\/Monet_-_house-of-parliament-sun.jpg\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pasquay-legal.com\/en\/#website\",\"url\":\"https:\/\/pasquay-legal.com\/en\/\",\"name\":\"Kanzlei Pasquay\",\"description\":\"KANZLEI F\u00dcR BANK- UND KAPITALMARKTRECHT\",\"publisher\":{\"@id\":\"https:\/\/pasquay-legal.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pasquay-legal.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/pasquay-legal.com\/en\/#organization\",\"name\":\"Kanzlei Pasquay\",\"url\":\"https:\/\/pasquay-legal.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pasquay-legal.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/pasquay-legal.com\/wp-content\/uploads\/2023\/03\/logo_kanzlei-pasquay.png\",\"contentUrl\":\"https:\/\/pasquay-legal.com\/wp-content\/uploads\/2023\/03\/logo_kanzlei-pasquay.png\",\"width\":800,\"height\":154,\"caption\":\"Kanzlei Pasquay\"},\"image\":{\"@id\":\"https:\/\/pasquay-legal.com\/en\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sales & Supervision - Kanzlei Pasquay","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pasquay-legal.com\/en\/vertrieb-aufsicht\/","og_locale":"en_US","og_type":"article","og_title":"Sales & Supervision - Kanzlei Pasquay","og_description":"Distribution &amp; Supervision Distribution law \u2013 legally compliant design, efficient implementation The distribution of financial instruments is highly regulated and subject to liability \u2013 and at the same time a key success factor for every placement. 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