The German federal government passed the draft bill to amend financial market laws on 6 January 2016 (“Erstes Finanzmarktnovellisierungsgesetz”, FimanoG), which will implement certain EU directives into German law. In total, 4 legislative acts introduced by the EU will be implemented in Germany: (i) the Market Abuse Directive (MAD) and (ii) the corresponding Regulation (MAR), (iii) the Central Securities Depositries Regulation (CSR) and (iv) the Regulation on key information documents for packaged retail and insurance-based investment products (PRIIPs). The new regulations aim at increasing the transparency of financial markets and the further improvement of protection of retail investors. A second law to amend financial market laws is expected to be passed in order to implement MIFID II in Germany at a later point in time.