Germany’s New Rules Tough on Foreign Funds

October 14, 2012

“The German regulator’s take on implementation of the Alternative Investment Fund Managers directive could push foreign firms out of the German fund market.

In July, the German ministry of finance published a draft act to implement the AIFM directive into German law, replacing the German Investment Act with the German Investment Code, which comprises the future legal framework for all investment funds in Germany.”

Read the full article of The Financial Times that features a recent Dechert report on the German Implementing Act for the AIFM Directive and the remarks of Angelo Lercara who serves as partner in Dechert’s financial services group.