ARTICLE · 08 MAY 2013

Recent Developments On The German Law Implementing The AIFMD

POELLATH

Existing funds which no longer invest after July 22, 2013 are not required to comply with the provisions of the KAGB, even if the manager of such funds also manages funds which still make investments.

GermanyFinance and Banking

P&P Pöllath And Partners

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After the final consultation of the Financial Committee of the German Federal Parliament, some - partly very welcome - amendments to the governments draft of the AIFM-D implementing law (in future: "KAGB") (see our client information dated December 13, 2012) have been formally applied for.

We discussed such amendments (amongst others) at the Funds Forum Frankfurt with MR Uwe Wewel, Dr. Stephanie Kremer (BaFin), Dörte Höppner (EVCA), Christoph Stresing (BVK), Gilles Dusemon (Arendt & Medernach) and Patricia Volhard (P+P) under moderation of Prof. Dr. Andreas Cahn (ILF). Wehave summarized hereafter the most important amendment proposals submitted by the Financial Committee of the Parliament.

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Recent Developments On The German Law Implementing The AIFMD

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