ch network and allow clients to withdraw and transfer funds, receive custody account statements and make appointments with its financial advisors. In addition to its branch network and financial agents, the company enters into country-specific distribution and cooperation arrangements. In Germany, it maintains cooperation partnerships with reputable companies such as DP DHL (Postbank cooperation) and Deutsche Vermögensberatung AG (DVAG). With DVAG, the company distributes its mutual funds and other banking products through DVAG’s independent distribution network. Regulation and Supervision Regulation and Supervision in Germany – Basic Principles The company is authorized to conduct banking business and to provide financial services as set forth in the German Banking Act (Kreditwesengesetz – KWG). The company is subject to comprehensive regulation and supervision by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and the Deutsche Bundesbank (Bundesbank), the German central bank. Regulatory Authorities The company and Deutsche Bank Trust Corporation, its wholly owned subsidiary, are bank holding companies under the U.S. Bank Holding Company Act of 1956, as amended (the Bank Holding Company Act), by virtue of, among other things, its ownership of Deutsche Bank Trust Company Americas (DBTCA). As a result, the company and its U.S. operations are subject to regulation, supervision and examination by the Federal Reserve Board as its U.S. umbrella supervisor. Regulation and Supervision in the United States The company controls U.S. banking subsidiaries, including DBTCA, and U.S. broker-dealers, such as Deutsche Bank Securities Inc., U.S. nondeposit trust companies and nonbanking subsidiaries. DBTCA is a New York state-chartered bank whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC) to the extent permitted by law. DBTCA is subject to regulation, supervision and examination by the Federal Reserve Board and the New York State Department of Financial Services and to relevant FDIC regulation. Deutsche Bank Trust Company Delaware is a Delaware state-chartered bank which is subject to regulation, supervision and examination by the FDIC and the Office of the State Bank Commissioner of Delaware. Deutsche Bank’s New York branch is supervised by the Federal Reserve Board and the New York State Department of Financial Services. Deutsche Bank’s federally chartered nondeposit trust companies are subject to regulation, supervision and examination by the Office of the Comptroller of the Currency. Other In the United States, the company’s U.S.-registered broker-dealers are regulated by the Securities and Exchange Commission (SEC). The company’s principal U.S. SEC-registered broker-dealer subsidiary, Deutsche Bank Securities Inc., is a member of the New York Stock Exchange and is regulated by the Financial Industry Regulatory Authority and the individual state securities authorities in the states in which it operates. Significant Events In May 2014, Sistema JSFC signed legally binding agreements to participate in a private placement of OZON Holdings Limited. History Deutsche Bank Aktiengesellschaft was founded in 1870.
deutsche bank ag-registered
Frankfurt am Main, 60325
Phone: 49 699 1000
Fax: 49 69 910 34225www.deutsche-bank.de
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