Investment Funds Update - Europe: Legal and regulatory updates for the funds industry from the key asset management centres and primary European fund domiciles: Germany

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BaFin Publishes Form for the Notification of the Intention to Manage EU AIF’s

The BaFin published a form on 5 August 2015 for the notification procedure for a German AIFM to manage EU AIFs established in another Member State either directly or by establishing a branch in other Member States of the European Union or in signatories to the Agreement on the European Economic Area pursuant to section 53 of the KAGB (Art. 33 AIFMD).

The form is available here.


BaFin Publishes Circular on Requirements for External Evaluators

BaFin published a circular on 29 July 2015 on the requirements for external evaluators for real property and property companies. The BaFin circular also provides details on the notification of the external evaluators pursuant to section 216 (5) of the German Investment Code (Kapitalanlagegesetzbuch – KAGB).

The circular is available here (in German).


Latest Fund Statistics for Germany

In July 2015, the German Investment Fund Association BVI has issued its latest investment statistics report dated 30 June 2015, giving an overview of the net assets and net sales within the German investment fund and asset management markets. The statistics are broken down by asset class and provider. They provide information on net assets and net inflows of investment funds and assets outside investment funds.

View the full set of statistics.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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