Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 01 AUGUST 2013

BaFin-FAQ Eligible Assets

POELLATH
Explore more from POELLATH

Recently the AIFM Transformation Act which, inter alia, has replaced the German Investment Funds Act by the German Capital Investment Act .

GermanyFinance and Banking
Uwe Bärenz
Uwe Bärenz
Jens Steinmüller
Jens Steinmüller
Author LinkedIn connections

Last week the AIFM Transformation Act (AIFM-Umsetzungsgesetz) which, inter alia, has replaced the German Investment Funds Act (Investmentgesetz) by the German Capital Investment Act (Kapitalanlagegesetzbuch – KAGB). At the same time, the German regulator for investment funds (BaFin) released an FAQ regarding the eligibility of assets for investment funds under the new law. The FAQ includes important statements regarding the eligibility of participations in private equity funds and other closed-end funds, which are of major practical relevance for specialized funds which insurance companies, pension funds and other institutional investors often use for their capital investments.

I. Summary

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

From Rulebook To Market Architecture: MiCAR 1.0, The Emerging MiCAR 2.0, MISP And The EU–UK–US Divide

The Markets in Crypto-Assets Regulation (MiCAR) was designed to bring crypto-assets within a common EU regulatory perimeter, but recent developments reveal a more complex picture. Three decisive developments in October 2026—the Council's position on the Market Integration and Supervision Package, the MiCAR review consultation responses, and ESMA's supervisory action—expose critical gaps in how digital money, tokenised financial instruments, and market infrastructure fit together.
European UnionFinance and Banking
PwC Legal Germany
PwC Legal Germany
Article

MiCAR 2.0: Reading The Further ESMA, ESRB, AMLA And SRB Responses Together

European financial regulators ESMA, ESRB, AMLA, and SRB have published responses to the EU's Markets in Crypto-Assets Regulation review, proposing reforms across classification, market conduct, financial crime controls, and crisis management. The responses raise critical questions about crypto-asset service providers' permissions, client rights, and operational continuity during participant failures. Firms face three immediate priorities: remediating non-compliant stablecoin services by early 2027, testing
GermanyFinance and Banking
PwC Legal Germany
PwC Legal Germany
Article

MISP Moves Into Political Negotiation: What More Than 1,900 Amendments Mean For The EU’s Future Market Architecture

The European Parliament has tabled over 1,900 amendments to the Market Integration and Supervision Package, transforming it from a straightforward proposal into a complex negotiation between competing models for European market supervision and infrastructure. As the Commission's original December 2025 proposal becomes obsolete and multiple parliamentary drafts emerge with conflicting visions, financial firms face critical questions about which supervisory architecture will ultimately govern their licenses
GermanyFinance and Banking
PwC Legal Germany
PwC Legal Germany
Article

BFH Updates On Business Facilities (Extended Trade Tax Deduction)

Last fall, the Federal Fiscal Court (BFH) published three new rulings on the topic of business premises and extended trade tax deductions (BFH, July 24, 2025 – III R 23/23, DB 2025 p. 3016; BFH, September 25, 2025 – IV R 31/23, DB 2025 p. 3157; BFH, Sept. 25, 2025 – IV R 9/24). Although two rulings were in favor of the respective taxpayers, the issue of ancillary rental services in the context of the extended trade tax deduction remains a “hot topic” in trade tax assessment.
GermanyTax
POELLATH
POELLATH