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06.03.2015

GSK Update: The “New” German Investment Regulation (Anlageverordnung)

On February 25, 2015 the German Federal Ministry of Finance [Bundesministerium der Finanzen] passed the highly anticipated new Investment Regulation for insurance companies (AnlV). The now approved version comprises some material changes compared to the first draft bill published in May 2014.

With the following GSK update we provide you with an overview of these last amendments.

As usual, it remains to be seen how the German Federal Financial Supervisory Authority [BaFin] will determine its future administrative practice in form of an updated Capital Investment Circular Memorandum [Kapitalanlagerundschreiben] in order to gain a complete picture of the consequences and the application of the new rules.

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