GERMANY: Act Implementing the AIFM Directive has entered into Force

Wednesday July 24 2013

On 22 July, the Act Implementing the Alternative Investment Fund Managers (AIFM) Directive entered into force. By virtue of the Act Implementing the AIFM Directive, the Investment Act was repealed and replaced by the Investment Code (Kapitalanlagegesetzbuch – KAGB).

This made it necessary to adapt a number of Regulations. BaFin has published on its website all six Regulations, which had previously been consulted, its updated Guideline on specifying fund categories (Fondskategorien-Richtlinie) and updated FAQs on eligible assets (Fragenkatalog zu erwerbbaren Vermögensgegenständen).

Please see the above link for more details.