MiFID II License Provider

European license infrastructure for capital markets professionals.

substnz provides MiFID II license infrastructure as a service. Access regulated European distribution without building your own investment firm.

substnz Capital Partners GmbH is a BaFin-supervised Wertpapierinstitut (registry 157452) that provides MiFID II license infrastructure as a service. Licensed for investment brokerage (Anlagevermittlung) and advice (Anlageberatung) under WpIG, with cross-border passporting to 17+ EEA markets. Placement agents and asset managers operate under this license as tied agents without establishing their own investment firm.

What is MiFID II license infrastructure?

MiFID II (Markets in Financial Instruments Directive) is the European regulatory framework governing investment services. To provide investment brokerage or advice to professional investors in the EEA, you need either your own MiFID II license or access to one through a regulated firm.

substnz Capital Partners holds a BaFin license under the German Securities Institutions Act (WpIG), which implements MiFID II in Germany. Through the EU passporting mechanism, this license extends across 17+ EEA markets. We make this license infrastructure available to qualified placement professionals and asset managers as a service.

Our license infrastructure includes

BaFin WpIG License

Licensed for investment brokerage (Anlagevermittlung) and investment advice (Anlageberatung) under the German Securities Institutions Act.

EU Passporting

Cross-border access to 17+ EEA markets through the MiFID II passporting mechanism. One license, pan-European reach.

Tied Agent Registration

Formal BaFin registration as a tied agent in the public register. Full regulatory transparency and legitimacy.

Compliance Operations

Complete regulatory operations including AML/KYC, suitability assessments, conflicts management, transaction reporting, and supervisory reporting.

For Placement Agents

Independent placement professionals operate under our license as tied agents. Focus on mandates and investors while we handle the regulation.

For Asset Managers

Fund managers seeking European distribution can leverage our license infrastructure for their placement teams, without establishing their own regulated entity in the EU.

How the model works

1

License coverage

substnz holds the MiFID II license. Tied agents and distribution teams operate under this license with full regulatory coverage.

2

Passporting

The license is passported across the EEA. No need for separate national registrations — one framework covers all target markets.

3

Compliance & supervision

substnz provides the required compliance infrastructure and supervisory oversight. All regulatory obligations are managed centrally.

4

Your business, your way

You maintain full control over your client relationships, mandates, and commercial terms. The license is the infrastructure; the business is yours.

Regulatory credentials

BaFin
Regulated by
WpIG
Licensed under
17+
EEA Markets

Frequently asked questions

Who is this model for?

Our license infrastructure serves two groups: independent placement agents who want to operate in Europe without their own license, and asset managers who want to build European distribution without establishing a local regulated entity.

Which investment services are covered?

Our license covers investment brokerage (Anlagevermittlung) and investment advice (Anlageberatung) under WpIG, the German implementation of MiFID II.

How does passporting work?

MiFID II allows a firm licensed in one EEA member state to provide services across the entire EEA through a notification process. Our BaFin license is passported to 17+ European markets, giving our tied agents access to the same markets.

Can asset managers use this for their own distribution teams?

Yes. Asset managers can have their in-house distribution professionals operate under our license to market their funds to professional investors across Europe. This is particularly relevant for non-EU managers seeking EEA market access.

Get Licensed Access

Need MiFID II license infrastructure?

Contact us to explore how our license framework can support your European distribution strategy.

contact@substnz.eu