Practical handbook for the marketing of foreign investment funds in Germany

Meer over het boek

This practical handbook offers a comprehensive legal overview for non-German investment companies looking to sell their fund units in Germany. It provides essential legal insights for entering the German market, detailing when non-German investment products fall under the German Investment Act. The authors help readers navigate the distinctions between private placements and public distribution, offering a legal framework for the private placement of regulated investment funds, including hedge funds. The book addresses the notification process for UCITS (Undertakings for Collective Investment in Transferable Securities) with the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) for public distribution in Germany, outlining regulatory reporting and information duties to German unitholders and BaFin post-notification. It also explains the distribution and marketing rules applicable to foreign regulated investment funds, including licensing requirements for foreign distributors. Consumer-related topics, such as rights of revocation, consumer information, and prospectus liability, are discussed. Additionally, the handbook details the requirements for listing Exchange Traded Funds on German stock exchanges, including ongoing listing obligations and the inclusion of foreign investment funds in trading without the issuer's consent.