The taxation of carried interest – where do we stand?
What is carried interest anyway? Carried interest (or carry) is a performance fee to which the fund initiators…
Proposed changes to the Investment Ordinance
On June 27, 2024, the draft bill for the 2nd Company Pension Strengthening Act (2. Betriebsrentenstärkungsgesetz) was published.…
ESMA Consultation Paper: Guidelines on funds’ names using ESG or sustainability-related terms
On 18 November 2022, the European Securities and Markets Authority (ESMA) issued for consultation draft guidelines on funds’…
Regulation of NFTs: creation, purchase and marketing
Sie sehen gerade einen Platzhalterinhalt von Standard. Um auf den eigentlichen Inhalt zuzugreifen, klicken Sie auf den Button…
Sustainability preferences and risks
A major player in the fight against climate change is the capital market. The transformation to a low-carbon,…
Crowdfunding Regulation (ECSPR) and tied agent: does it fit together and if so, how?
The Crowdfunding Regulation (ECSPR – European Crowdfunding Service Provider Regulation) has now been in force since November 2021,…
BaFin’s latest adjustments to the MiFID conduct of business obligations
According to the newly amended FAQ of the German Federal Financial Supervisory Authority (BaFin) on the MiFID II…
BMF draft: amendment of the VAT Application Decree (Umsatzsteueranwendungserlass – UstAE) regarding the management of venture capital funds
In July 2021, the Fund Jurisdiction Act (Fondsstandortgesetz) extended the VAT exemption in section 4 No. 8 lit.…
Cross-border distribution of funds | ESMA guidelines on marketing communications
On 27 September 2021, BaFin announced that it is applying the guidelines on marketing communications published by ESMA…
Act to Further Strengthen Investor Protection
The legislator has once again taken up the cause of investor protection; this time with a law to…