Bundes-Wertpapieraufsicht#

Bundes-Wertpapieraufsicht, BWA (Federal Securities Agency), public agency established under the Securities Act of 1996 to supervise the securities market ( Stock Exchange) and financial services. Started operations in 1998. Its mission includes the control of illegal business practices, the supervision of publicity requirements, the licensing of securities service companies, and international information and exchange operations.