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.”
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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
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