Significant Amendments to the German Investment Act

January 30, 2008
A combination of new types of fund offerings in the German investment industry and a liberalization and improvement of the previous regulatory scheme have been enacted. The general purposes of these changes, contained in amendments to the German Investment Act and related provisions of other laws (Investmentänderungsgesetz), are to modernize the German investment industry and increase its appeal to potential investors. This article compares the previous version of the Act with the changes enacted by the amendments.