As summarized in previous Dechert OnPoints, Germany has introduced a framework for direct lending funds in March 2016 by enacting the UCITS V Implementation Act (the "Act"). The changes implemented by the Act also allowed...more
12/1/2016
/ AIFM ,
BaFin ,
Basel IV ,
Creditors ,
Debt Financing ,
Direct Lending ,
EU ,
Foreign Investment ,
Germany ,
Investment Companies ,
Management Companies ,
Residential Real Estate Market ,
Risk Management ,
UCITS V
BaFin, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) last year eased its administrative practice with respect to loan origination and loan restructuring activities of...more
7/12/2016
/ AIF ,
AIFM ,
BaFin ,
Direct Lending ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
Germany ,
Investment Funds ,
Investment Management ,
Loan Origination Funds ,
Member State ,
Risk Management
The German Federal Ministry of Finance published the draft Retail Investor Protection Act (Kleinanlegerschutzgesetz, or Act)1 on 28 July 2014. The Act is intended to strengthen the protection of German retail investors – in...more
At the beginning of this year – to the (pleasant) surprise of market participants – an agreement came into force to implement a simplification in the marketing of Swiss securities funds (Effektenfonds) in Germany, and German...more