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Stand:updated on 26.07.2024 | Topic Investment funds Marketing in Germany

Companies wishing to market shares or units in investment funds must first undergo a marketing notification procedure at BaFin. The type and scope of the necessary documentation depends on where the (asset) management company has its registered office and where the investment fund is situated/where the latter has its registered office.

Further information on the term "marketing" and other specific questions can be found in these FAQs.

Further information on marketing EU UCITS in Germany pursuant to section 310 of the KAGB can be found in this guidance notice.

Further information on the notification requirement for EU AIF management companies intending to market EU AIFs to semi-professional and professional investors in Germany pursuant to section 323 of the KAGB can be found in this guidance notice.

Further information on the notification requirement for foreign AIF management companies intending to market foreign AIFs or EU AIFs managed by them to semi-professional and professional investors in Germany pursuant to section 330 of the KAGB can be found in this guidance notice.

Further information on the notification requirement for EU AIF management companies or foreign AIF management companies intending to market units or shares in EU AIFs managed by them or in foreign AIFs to retail investors in Germany according to section 320 of the KAGB can be found in this guidance notice..

Further information on the notification requirement for domestic or EU AIF management companies intending to market foreign AIF or domestic special feeder AIF or EU feeder AIF whose master AIF is not an EU AIF or domestic AIF to professional or semi-professional investors in Germany pursuant to section 329 of the KAGB can be found in this guidance notice.

Publications | Regulation (EU) 2019/1156

Publication under Article 5(1) of Regulation (EU) 2019/1156 | Marketing requirements in Germany
Publication under Article 10(1) of Regulation (EU) 2019/1156 | Fees and charges levied in relation to cross-border activities

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Publications on this topic

Format Article Erscheinung: from 03.07.2024 New rules for ELTIFs

(BaFinJournal) There has not been a particularly extensive range of European Long-Term Investment Funds available on the market up until now. This is likely to change.

By Jens Lorenz, BaFin Securities Supervision

Format Article Erscheinung: from 28.02.2024 “We need last­ing trans­paren­cy”

A new study from BaFin reveals that many asset management companies (Kapitalverwaltungsgesellschaften) are not satisfied with the ESG data and ESG ratings currently available on the market. Dr Thorsten Pötzsch, BaFin’s Chief Executive Director for Securities Supervision and Asset Management, explains in an interview why reliable sustainability data are important for green investments and which …

Format Article Erscheinung: from 15.12.2023 In­di­rect in­vest­ments in spe­cial funds: BaFin has in­vestor pro­tec­tion con­cerns about prod­uct de­signs that cir­cum­vent re­quire­ments

Many financial services providers are advertising opportunities to “invest like a professional”. Consumers can supposedly do this by investing indirectly in special funds referred to as special AIFs (Spezial-AIF). BaFin is keeping a close eye on these offers. If the risks are too great, BaFin is able to intervene and, in extreme cases, even ban products.

Format News Erscheinung: from 28.02.2023 Note con­cern­ing fund-re­lat­ed at­tes­ta­tions

The BaFin issues fund-related attestations (e.g. so-called UCITS attestations) that are to be submitted to domestic or foreign authorities, companies or other institutions in digital form only. Such attestations are no longer signed, sealed or stamped.

Format Article Erscheinung: from 12.01.2023 In­vest­ment funds: liq­uid­i­ty man­age­ment tools in prac­tice

(BaFinJournal) Liquidity management tools (LMTs), which were made available to German asset managers for liquidity management in the spring of 2020, are now being used by some of the asset managers. This is one of the findings of a survey conducted by the Federal Financial Supervisory Authority (BaFin).

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