On July 1, 2021, the Financial Market Integrity Strengthening Act, or FISG for short, came into force in Germany. Extensive changes were made with a total of 27 articles. The aim of the Act is to permanently strengthen investor confidence in the German capital market.
The amendments relate, for example, to Supervisory structures in companies. The activities of internal auditors in Germany are thus strengthened both indirectly and directly.
In a new position paper, DIIR comments on the new law and discusses the expanded role of internal auditing.
The position paper can be read here. It is only available in German.