On August 5, 2024, the Federal Ministry of Finance published the draft bill for the Act to Strengthen the German Fund Market and Implement Directive (EU) 2024/927 (“Fund Market Strengthening Act” – “FMSG”). The draft essentially aims to implement Directive (EU) 2024/927 of March 13, 2024, which entails significant changes to the UCITS Directive (2009/65/EC) and the AIFM Directive (2011/61/EU), and also to make the German fund market more competitive. KPMG Law experts Ulrich Keunecke and Rainer Krall know exactly which changes are included.
“Capital market companies must modernize their operational structures – this applies in particular if a capital management company is also interested in granting loans via the AIFs it manages.”
You can find the full article here.
Partner
Head of Sector Legal FS Asset Management
Head of Sector Legal FS Insurance
Heidestraße 58
10557 Berlin
Tel.: +49 30 530199 200
ukeunecke@kpmg-law.com
Senior Manager
Friedenstraße 10
81671 München
Tel.: +49 89 599 7606 1283
rkrall@kpmg-law.com
KPMG Law
© 2024 KPMG Law Rechtsanwaltsgesellschaft mbH, associated with KPMG AG Wirtschaftsprüfungsgesellschaft, a public limited company under German law and a member of the global KPMG organisation of independent member firms affiliated with KPMG International Limited, a Private English Company Limited by Guarantee. All rights reserved. For more details on the structure of KPMG’s global organisation, please visit https://home.kpmg/governance.
KPMG International does not provide services to clients. No member firm is authorised to bind or contract KPMG International or any other member firm to any third party, just as KPMG International is not authorised to bind or contract any other member firm.
