In relation to prohibited and waste materials, during the year under review Wincor Nixdorf continued the process of implementing the measures in response to the requirements of European Directives 2002/95/EC dated January 27, 2003, (RoHS), and 2002/96/EC dated January 27, 2003, (WEEE), as well as the corresponding national legislation (for Germany the ElektroG Act of March 16, 2005). These measures have been initiated in fiscal 2005/2006 and implemented in fiscal 2006/2007.

A project group set up in fiscal 2006/2007 assessed the impact of the reform of European chemicals legislation. The acronym REACH refers to the European Union Regulation on the Registration, Evaluation and Authorization of Chemicals (1907/2006/EC). Wincor Nixdorf implements any measures that have become necessary as a result of REACH on an ongoing basis.

An important circular was issued by the German Federal Financial Supervisory Authority (BaFin) on October 30, 2007, and affects a large part of the Outsourcing (Glossary)  business conducted by Wincor Nixdorf on behalf of banks in Germany. It sets out minimum risk management requirements that constitute BaFin’s binding specifications for the structure of risk management at German banks. The circular refines the provisions set out in Section 25a (1) of the German Banking Act (Kreditwesengesetz – KWG), which has been mandatory since January 1, 2008, and replaces previous circulars.

Details of the economic factors that currently affect, or may in future affect, our activities can be found in the Risk Report.