FINTECH capital contribution account With its practice communication 3/2023 dated 30 November 2023, the Federal Commercial Register Office (FCA) confirms the prevailing opinion, which is also supported by the State Secretariat for International Financial Matters (SIF), that companies that have a so-called fintech license within the meaning of Art. 1b BankA may open capital contribution accounts for incorporations, capital increases and subsequent liberalizations or that such confirmations must be accepted by the commercial register offices: “The Federal Commercial Register Office (FCRO) therefore shares the view of the State Secretariat for International Financial Matters (SIF) that capital contributions may also be deposited with persons pursuant to Art. 1b BankA in accordance with Art. 633 para. 1 CO.” Practice note EHRA 3/23