The Financing for the Future Act came into force on 15 December 2023. The significant reforms to stock corporation and capital market law increase flexibility in German ECM transactions.
Overview of the key changes -
The key parts of the Financing for the Future Act (Zukunftsfinanzierungsgesetz) (ZuFinG) came into force on 15 December 2023. The new law is intended to strengthen the performance of Germany’s capital markets and to enhance the attractiveness of Germany as a financial centre and part of a strong European financial centre. In particular, the access to the capital market and equity raises for start-ups, high-growth companies and small and medium-sized enterprises (SMEs) shall be eased.
Please see full publication below for more information.