GERMANY: BaFin issues guidance on distribution of units in foreign AIF or EU-AIF managed by foreign AIFMs to professional or semi-professional investors in Germany

Tuesday September 2 2014

The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has published a guidance notice regarding the distribution of units in foreign AIFs or EU-AIFs managed by a foreign AIFM to professional or semi-professional investors in Germany pursuant to Section 330 of the German Capital Investment Act (Kapitalanlagegesetzbuch – KAGB).

The guidance notice outlines the necessary requirements with regard to the documentation and information to be submitted to BaFin relating to the notification procedure under section 330 KAGB. Essentially, the guidance notice reflects the requirements set out in the KAGB.

Click on the above link for further details.