Regulatory Alerts2013-07-23
Guidance Notice on the Marketing of AIFs Pursuant to Section 331 of the Investment Code (KAGB)
BaFin, Germany’s Federal Financial Supervisory Authority, establishes an electronic notification procedure for AIF management companies marketing EU or domestic alternative investment funds to professional investors across other EU and EEA member states. Companies must submit a standardized notification letter via BaFin’s MVP system, which triggers host authority transmission within twenty working days and permits marketing commencement upon BaFin’s confirmation. The guidance mandates written reporting of material changes, specifies submission formats and a €1,532 processing fee, and outlines transitional provisions for funds already authorized under prior regulations.
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