Draft bill for a 'Fund Market Strengthening Act' published

The Federal Ministry of Finance has published the draft bill for a "Fund Market Strengthening Act." This draft aims to implement the recent changes to the UCITS and AIFM directives in the German Capital Investment Code (KAGB).

The focus is on the new EU regulations regarding transfer agreements, liquidity risk management, supervisory reporting, custodianship and depository services, as well as lending by alternative investment funds. These changes are largely implemented without deviations to ensure compliance with EU standards.

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