Piece operates in compliance with German and European financial regulations through a formal, legally licensed structure (How is the platform operated?):
Regulated Entity (The License Holder): Our operations fall under the regulatory oversight of the Federal Financial Supervisory Authority (BaFin), which is the integrated financial regulator for Germany. The specific license for providing investment services and brokerage is held by our partner, Concedus GmbH.
Piece's Role (The Tied Agent): Piece Germany GmbH operates as a Tied Agent of Concedus GmbH. This means Piece acts exclusively on behalf of Concedus GmbH and is legally bound to comply with all regulatory requirements and conduct rules established by Concedus GmbH, which are supervised by BaFin.
This structure ensures that the financial services you receive are fully compliant with German law and MiFID II European directives, providing a secure and monitored environment for your investment.