Germany's Federal Financial Supervisory Authority (BaFin) has published for consultation a draft regulation setting out how notifications and supporting documents must be submitted under the Crypto Markets Supervision Act. The draft aims to specify the requirements for the Act’s notification triggers and to establish a clear, low-burden notification process supported by standardised forms. BaFin aligns the approach with existing notification regulations under the German Banking Act and the Payment Services Supervision Act, arguing that using harmonised rules and standard forms across supervisory regimes improves the efficiency of supervisory assessment. The consultation package includes draft forms covering, among other items, passive and active participations, complex participations, ancillary activities and participations. Comments are due by 29 October 2025 and the consultation will run in writing only, without an oral hearing. BaFin intends to publish submissions online unless respondents object to publication or onward sharing.

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