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22.10.2025 | In the media

KPMG Law guest article in Das Investment: Private debt for the masses: How the FRBG is turning the fund market upside down

Paradigm shift in the fund market: The new FRBG makes private debt retail-capable and creates citizen participation funds. In this article, KPMG Law expert Ulrich Keunecke explains the strategic opportunities that now arise for the sector.

“The FRBG presents fund managers with increased legal and regulatory requirements, but at the same time opens up three new growth areas: Credit funds with tax advantages, systemically secured funds with mandatory liquidity management and citizen participation funds that mobilize impact capital from the general public.”

You can find the entire article freely available here.

Explore #more

12.01.2026 | In the media

Guest article in Economy and Competition: Earnings calls under (AI) control: New starting point for the Commission’s dawn raids

Public statements made by companies in earnings calls harbor antitrust risks: In such presentations of quarterly or annual results and the subsequent discussion with analysts,…

09.01.2026 | KPMG Law Insights

EmpCo comes into force – answers to the most important practical questions

Environmental statements are becoming increasingly risky for companies. Due to the Empowering Consumers Directive (EmpCo), much stricter rules will soon apply to environmental claims and…

05.01.2026 | In the media

KPMG Law expert in the Börsen-Zeitung on the digital euro

The digital euro is set to arrive by 2029. However, the central bank still has a lot of convincing to do. There is a great…

22.12.2025 | KPMG Law Insights

New EU directive tightens environmental criminal law

Environmental crime will be punished more severely in future. Directive (EU) 2024/1203 on the protection of the environment through criminal law is being transposed into…

19.12.2025 | KPMG Law Insights

Digital Omnibus: More efficiency instead of deregulation

The EU Commission wants to streamline digital laws. On November 19, 2025, it presented its proposals for the “Digital Omnibus” (including a separate AI Omnibus).…

18.12.2025 | Deal Notifications

KPMG Law and KPMG advise the shareholders of Frerk Aggregatebau on the sale to DEUTZ

KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) and KPMG AG Wirtschaftsprüfungsgesellschaft (KPMG) provided comprehensive advice to the shareholders of Frerk Aggregatebau GmbH (Frerk) on the sale…

17.12.2025 | KPMG Law Insights

AI-supported risk checks of NDAs and CoCs: how legal departments benefit

Artificial intelligence can relieve legal departments of routine tasks such as checking non-disclosure agreements (NDAs) or codes of conduct (CoCs). These documents are part of…

16.12.2025 | In the media

Interview with KPMG Law experts: CSDDD after the omnibus: “Toothless tiger” or pragmatic solution?

The agreement on the Omnibus I package is causing discussion. Among other things, the thresholds for the EU Supply Chain Directive (CSDDD) have been significantly…

15.12.2025 | In the media

KPMG Law guest article in Tagesspiegel Background: What the digital omnibus means for companies today

The debate on the digital omnibus has only just begun. Companies should contribute their expertise to the ongoing process and strengthen their internal foundations –…

12.12.2025 | KPMG Law Insights

Focus offshore: NRW buys extensive tax data on international tax havens

According to recent press reports from December 11, 2025, the state of North Rhine-Westphalia has purchased an extensive data set with tax-relevant information from international…

Contact

Dr. Ulrich Keunecke

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

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