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14.04.2016

GSK Update: German UCITS-V Implementation Act entered into force

On 18 March 2016 the German UCITS-V Implementation Act entered into force, transposing the UCITS-V Directive (Directive 2014/91/EU) into national legislation. With the UCITS-V Implementation Act various new requirements were established in Germany. In addition to the changes caused by the UCITS-V Directive, the German legislator used the opportunity to make further adjustments to the German Capital Investment Code (KAGB).

In this context, the requirements for the granting of loans and loan acquisition by AIFs (Debt Funds) as well as on the third-country passport are of particular relevance for non-German market participants. Most changes are already applicable with the entry into force of the UCITS-V Implementation Act and must therefore be considered by all market participants.

In our recent GSK Update we would like to give you a detailed overview of the provisions of the German UCITS-V Implementation Act.

Contact at GSK Stockmann + Kollegen:
Dr. Oliver Glück
Dr. Timo Patrick Bernau
Sascha Zentis