Home › Securities & Investment Funds › KAGB (EN)

KAGB (EN)

Capital Investment Code
KAGB-EN · official text on Gesetze im Internet (German original) — English text is eucite.com's own translation

🇩🇪 Auf Deutsch lesen (original text)

This English text is a careful, terminology-researched translation prepared by eucite.com — not an official government translation. The German original linked above is the legally authoritative text.

Sections

Division 1 General Provisions

• Section 1 — Definitions
• Section 2 — Exemptions
• Section 3 — Protection of designations
• Section 4 — Naming; Fund categories
• Section 5 — Competent authority; Supervision; Power to issue orders; Authorisation to issue statutory instruments
• Section 6 — Special tasks
• Section 7 — Immediate enforceability
• Section 7a — Publication of immediately enforceable measures
• Section 7b — Electronic communication; Authorisation to issue statutory instruments
• Section 8 — Duty of confidentiality
• Section 9 — Cooperation with other bodies
• Section 10 — General provisions for cooperation in supervision
• Section 11 — Special provisions for cooperation in the cross-border management and cross-border marketing of AIFs
• Section 12 — Reports by the Federal Institute to the European Commission, to the European Supervisory Authorities, and to the body maintaining the company register
• Section 13 — Exchange of information with the Deutsche Bundesbank
• Section 14 — Requests for information and production, examinations, searches, and seizures
• Section 15 — Action against unauthorised investment business
• Section 16 — Prosecution of unauthorised investment business
• Section 16a — Prohibition of consumer loans

Division 2 Management Companies

• Section 17 — Capital management companies
• Section 18 — External capital management companies
• Section 19 — Holders of significant participations; Authorisation to issue statutory instruments
• Section 20 — Authorisation to conduct business
• Section 21 — Application for authorisation for a UCITS capital management company, and grant of authorisation
• Section 22 — Application for authorisation for an AIF capital management company, and grant of authorisation
• Section 23 — Refusal of authorisation of a capital management company
• Section 24 — Consultation of the competent authorities of another member state of the European Union or another contracting state of the Agreement on the European Economic Area; Suspension or restriction of authorisation for undertakings with their seat in a third country
• Section 25 — Capital requirements
• Section 26 — General rules of conduct; Authorisation to issue statutory instruments
• Section 27 — Conflicts of interest; Authorisation to issue statutory instruments
• Section 28 — General organisational obligations; Authorisation to issue statutory instruments
• Section 28a — Additional organisational requirements for the management of development promotion funds
• Section 29 — Risk management; Authorisation to issue statutory instruments
• Section 29a — Risk management for loan origination by AIF capital management companies; Authorisation to issue statutory instruments
• Section 29b — Risk management for loan origination by AIF capital management companies; Retention
• Section 30 — Liquidity management; Authorisation to issue statutory instruments
• Section 30a — Selection of liquidity management tools; Authorisation to issue statutory instruments
• Section 31 — Prime broker
• Section 32 — Compensation scheme
• Section 33 — Advertising
• Section 34 — Notification obligations of management companies to the Federal Institute and the Bundesbank
• Section 35 — Reporting obligations of management companies
• Section 36 — Outsourcing; Authorisation to issue statutory instruments
• Section 37 — Remuneration systems; Authorisation to issue statutory instruments
• Section 38 — Annual financial statements, management report, audit report, and statutory auditor of the external capital management company; Authorisation to issue statutory instruments
• Section 39 — Lapse and revocation of authorisation
• Section 40 — Measures against managers and members of supervisory bodies
• Section 40a — Appointment of a special representative
• Section 40b — Rights and obligations of the special representative
• Section 40c — Possible tasks and powers of the special representative
• Section 40d — Liability of the special representative
• Section 41 — Measures in the case of inadequate own funds
• Section 42 — Measures in the event of danger
• Section 43 — Application for insolvency, notification of creditors in insolvency proceedings
• Section 44 — Registration and reporting obligations
• Section 45 — Annual financial statements and management report of AIF capital management companies subject to registration
• Section 45a — Audit of the annual financial statements of AIF capital management companies subject to registration; power to issue statutory instruments
• Section 46 — Annual financial statements and management report of externally managed loan-originating special AIF
• Section 47 — Audit of the annual financial statements of externally managed loan-originating special AIF; power to issue statutory instruments
• Section 48
• Section 48a — (repealed)
• Section 49 — Branch and cross-border provision of services by UCITS capital management companies; power to issue statutory instruments
• Section 50 — Special provisions for the management of EU UCITS by UCITS capital management companies
• Section 51 — Domestic branches and cross-border provision of services by EU UCITS management companies
• Section 52 — Special provisions for the management of domestic UCITS by EU UCITS management companies
• Section 53 — Management of EU AIF by AIF capital management companies
• Section 54 — Branch and cross-border provision of services by EU AIF management companies within Germany
• Section 55 — Conditions for AIF capital management companies managing non-EU AIF that are not distributed in the Member States of the European Union or the contracting states of the Agreement on the European Economic Area
• Section 56 — Determination of the Federal Republic of Germany as the Member State of reference of a non-EU AIF management company
• Section 57 — Permissibility of the management of domestic special AIF and EU AIF, and of the distribution of AIF under sections 325, 326, 333, or 334, by non-EU AIF management companies
• Section 58 — Grant of authorisation for a non-EU AIF management company
• Section 59 — Exemption of a non-EU AIF management company from provisions of Directive 2011/61/EU
• Section 60 — Notification of the European Securities and Markets Authority concerning the authorisation of a non-EU AIF management company by the Federal Institute
• Section 61 — Change of the Member State of reference of a non-EU AIF management company
• Section 62 — Legal disputes
• Section 63 — The Federal Institute's options for referral to the European Securities and Markets Authority
• Section 64 — Comparative analysis of the authorisation of, and supervision over, non-EU AIF management companies
• Section 65 — Management of EU AIF by non-EU AIF management companies for which the Federal Republic of Germany is the Member State of reference
• Section 66 — Domestic branch and cross-border provision of services by non-EU AIF management companies whose Member State of reference is not the Federal Republic of Germany
• Section 67 — Annual report for EU AIF and non-EU AIF

Division 3 Depositary

• Section 68 — Appointment and annual audit; power to issue statutory instruments
• Section 69 — Supervision
• Section 70 — Conflicts of interest
• Section 71 — Issue and redemption of units or shares of a domestic UCITS
• Section 72 — Custody
• Section 73 — Sub-custody
• Section 74 — Payment and delivery
• Section 75 — Transactions requiring consent
• Section 76 — Oversight function
• Section 77 — Liability
• Section 78 — Assertion of investors' claims; power to issue statutory instruments
• Section 79 — Remuneration, reimbursement of expenses
• Section 80 — Appointment
• Section 81 — Custody
• Section 82 — Sub-custody
• Section 83 — Oversight function
• Section 84 — Transactions requiring consent
• Section 85 — Conflicts of interest
• Section 86 — Information obligations towards supervisory authorities
• Section 87 — Applicable provisions for retail AIF and certain special AIF
• Section 88 — Liability
• Section 89 — Assertion of investors' claims; power to issue statutory instruments
• Section 89a — Remuneration, reimbursement of expenses
• Section 90 — Applicable provisions for non-EU AIF

Division 4 Open-Ended Domestic Investment Funds

• Section 91 — Legal form
• Section 92 — Collective investment fund
• Section 93 — Power of disposal, fiduciary status, security provisions
• Section 94 — Exercise of voting rights
• Section 95 — Unit certificates; power to issue statutory instruments
• Section 96 — Unit classes and sub-funds; power to issue statutory instruments
• Section 97 — Collective safe custody, loss of unit certificates
• Section 98 — Issue and redemption of units; liquidity management tools; power to issue statutory instruments
• Section 99 — Termination and loss of the right of management
• Section 100 — Winding-up of the collective investment fund
• Section 100a — Real property transfer tax on the transfer of a real estate collective investment fund
• Section 100b — Transfer to another capital management company
• Section 101 — Annual report
• Section 102 — Audit
• Section 103 — Half-yearly report
• Section 104 — Interim report
• Section 105 — Dissolution and winding-up report
• Section 106 — Power to issue statutory instruments
• Section 107 — Publication of the annual, half-yearly, interim, dissolution, and winding-up reports
• Section 108 — Legal form, applicable provisions
• Section 109 — Shares
• Section 110 — Articles of association
• Section 111 — Investment conditions
• Section 112 — Management and investment
• Section 113 — Application for authorisation and grant of authorisation for the externally managed UCITS investment stock corporation
• Section 114 — Shortfall in initial capital or own funds
• Section 115 — Share capital
• Section 116 — Variable capital, redemption of shares
• Section 117 — Sub-funds; power to issue statutory instruments
• Section 118 — Company name and additional notices in legal transactions
• Section 119 — Management board, supervisory board
• Section 120 — Annual financial statements and management report; power to issue statutory instruments
• Section 121 — Audit of the annual financial statements and the management report; power to issue statutory instruments
• Section 122 — Half-yearly and liquidation report
• Section 123 — Disclosure and submission of the annual financial statements and management report, and of the half-yearly report
• Section 124 — Legal form, applicable provisions
• Section 125 — Partnership agreement
• Section 126 — Investment conditions
• Section 127 — Investors
• Section 128 — Management
• Section 129 — Management and investment
• Section 130 — Shortfall in initial capital or own funds
• Section 131 — Partnership assets
• Section 132 — Sub-funds; power to issue statutory instruments
• Section 133 — Variable capital, termination of limited partnership interests
• Section 134 — Company name and additional notices in legal transactions
• Section 135 — Annual report; power to issue statutory instruments
• Section 136 — Audit of the annual financial statements; power to issue statutory instruments
• Section 137 — Submission of reports
• Section 138 — Dissolution and liquidation

Division 5 Closed-Ended Domestic Investment Funds

• Section 139 — Legal form
• Section 140 — Legal form, applicable provisions
• Section 141 — Shares
• Section 142 — Articles of association
• Section 143 — Investment conditions
• Section 144 — Management and investment
• Section 145 — Shortfall in initial capital or own funds
• Section 146 — Company name
• Section 147 — Management board, supervisory board
• Section 148 — Accounting
• Section 149 — Legal form, applicable provisions
• Section 150 — Partnership agreement
• Section 151 — Investment conditions
• Section 152 — Investors
• Section 153 — Management, advisory board
• Section 154 — Management and investment
• Section 155 — Shortfall in initial capital or own funds
• Section 156 — Partnership assets
• Section 157 — Company name
• Section 158 — Annual report
• Section 159 — Audit of the annual financial statements
• Section 159a — Adoption of the annual financial statements
• Section 160 — Disclosure and submission of reports
• Section 161 — Dissolution and liquidation

Division 1 General Provisions for Open-Ended Retail Investment Funds

• Section 162 — Investment conditions
• Section 163 — Approval of the investment conditions
• Section 164 — Preparation of the sales prospectus, key information document, and key investor information
• Section 165 — Minimum particulars in the sales prospectus
• Section 166 — Content, form, and presentation of the key investor information; power to issue statutory instruments
• Section 167 — Information by means of a durable medium
• Section 168 — Valuation; power to issue statutory instruments
• Section 169 — Valuation procedure
• Section 170 — Publication of the issue and redemption price and the net asset value
• Section 171 — Approval of the feeder fund
• Section 172 — Special requirements for capital management companies
• Section 173 — Sales prospectus, investment conditions, annual report
• Section 174 — Investment limits, investment restrictions, suspension of units
• Section 175 — Agreements in master-feeder structures
• Section 176 — Duties of the capital management company and the depositary
• Section 177 — Notification duties of the Federal Institute
• Section 178 — Winding-up of a master fund
• Section 179 — Merger or division of the master fund
• Section 180 — Conversion into a feeder fund or change of the master fund
• Section 181 — Subject matter of the merger; types of merger
• Section 182 — Approval of the merger
• Section 183 — Merger of an EU UCITS into a UCITS collective investment fund
• Section 184 — Merger plan
• Section 185 — Examination of the merger; power to issue statutory instruments
• Section 186 — Merger information
• Section 187 — Rights of investors
• Section 188 — Costs of the merger
• Section 189 — Effectiveness of the merger
• Section 190 — Legal effects of the merger
• Section 191 — Merger with investment stock corporations with variable capital

Division 2 Investment Funds under the UCITS Directive

• Section 192 — Permitted assets
• Section 193 — Securities
• Section 194 — Money market instruments
• Section 195 — Bank balances
• Section 196 — Investment units
• Section 197 — Overall limit; derivatives; power to issue statutory instruments
• Section 198 — Other investment instruments
• Section 199 — Borrowing
• Section 200 — Securities loans, collateral
• Section 201 — Securities loan agreement
• Section 202 — Organised securities loan systems
• Section 203 — Repurchase transactions
• Section 204 — Reference; power to issue statutory instruments
• Section 205 — Short sales
• Section 206 — Issuer limits
• Section 207 — Acquisition of units in investment funds
• Section 208 — Extended investment limits
• Section 209 — Securities-index UCITS
• Section 210 — Issuer-related investment limits
• Section 211 — Exceeding investment limits
• Section 212 — Valuer; frequency of valuation and calculation
• Section 213 — Conversion of domestic UCITS

Division 3 Open-Ended Domestic Retail AIF

• Section 214 — Risk diversification, types
• Section 215 — Limitation of leverage by the Federal Institute
• Section 216 — Valuer
• Section 217 — Frequency of valuation and calculation; disclosure
• Section 218 — Mixed investment funds
• Section 219 — Permitted assets, investment limits
• Section 220 — Other Investment Funds
• Section 221 — Permitted assets, investment limits, borrowing
• Section 222 — Microfinance institutions
• Section 223 — Special provisions on the issue and redemption of units or shares
• Section 224 — Particulars in the sales prospectus and the investment conditions
• Section 225 — Fund of hedge funds
• Section 226 — Right of the Federal Institute to information
• Section 227 — Redemption
• Section 228 — Sales prospectus
• Section 229 — Investment conditions
• Section 230 — Real estate collective investment funds
• Section 231 — Permitted assets; investment limits
• Section 232 — Creation of heritable building rights
• Section 233 — Assets in third countries; currency risk
• Section 234 — Participation in real estate companies
• Section 235 — Requirements for real estate companies
• Section 236 — Acquisition of the participation; valuation by an auditor
• Section 237 — Extent of the participation; investment limits
• Section 238 — Participations of real estate companies in real estate companies
• Section 239 — Prohibition and restriction of acquisition and disposal
• Section 240 — Granting of loans to real estate companies
• Section 241 — Payments, monitoring by the depositary
• Section 242 — Effectiveness of a legal transaction
• Section 243 — Risk diversification
• Section 244 — Ramp-up period
• Section 245 — Trust relationship
• Section 246 — Restriction on disposal
• Section 247 — Statement of assets
• Section 248 — Special rules for valuation
• Section 249 — Special rules for the valuation procedure
• Section 250 — Special rules for the valuer
• Section 251 — Special rules on the frequency of valuation
• Section 252 — Use of income
• Section 253 — Liquidity provisions
• Section 254 — Borrowing
• Section 255 — Special rules on the issue and redemption of units
• Section 256 — Additional particulars in the sales prospectus and the investment conditions
• Section 257 — Suspension of redemption
• Section 258 — Suspension after termination
• Section 259 — Resolutions of investors
• Section 260 — Disposal and encumbrance of assets
• Section 260a — Infrastructure collective investment funds
• Section 260b — Permitted assets, investment limits
• Section 260c — Redemption of units
• Section 260d — Particulars in the sales prospectus and the investment conditions

Division 4 Closed-Ended Domestic Retail AIF

• Section 261 — Permitted assets, investment limits
• Section 262 — Risk diversification
• Section 263 — Limitation of leverage and encumbrance
• Section 264 — Restriction on disposal
• Section 265 — Short sales
• Section 266 — Investment conditions
• Section 267 — Approval of the investment conditions
• Section 268 — Preparation of the sales prospectus and the key information document
• Section 269 — Minimum particulars in the sales prospectus
• Section 270
• Section 271 — Valuation, valuation procedure, valuer
• Section 272 — Frequency of valuation and calculation; disclosure
• Section 272a — Approval of the closed-ended feeder fund; special requirements for capital management companies
• Section 272b — Sales prospectus, investment conditions, annual report
• Section 272c — Investment limits, investment restrictions
• Section 272d — Agreements in closed-ended master-feeder structures
• Section 272e — Duties of the capital management company and the depositary
• Section 272f — Notification duties of the Federal Institute
• Section 272g — Winding-up of the closed-ended master fund
• Section 272h — Amendment of the closed-ended master fund

Division 1 General Provisions for Domestic Special AIF

• Section 273 — Investment conditions
• Section 273a — Granting of loans
• Section 274 — Limitation of leverage
• Section 275 — Encumbrance
• Section 276 — Short sales
• Section 277 — Transfer of units or shares
• Section 277a — Master-feeder structures

Division 2 Provisions for Open-Ended Domestic Special AIF

• Section 278 — Valuation, valuation procedure, and valuer
• Section 279 — Frequency of valuation, disclosure
• Section 280
• Section 281 — Merger
• Section 282 — Investment objects, investment limits
• Section 283 — Hedge funds
• Section 284 — Investment conditions, investment limits

Division 3 Provisions for Closed-Ended Domestic Special AIF

• Section 285 — Investment objects
• Section 286 — Valuation, valuation procedure, and valuer; frequency of valuation
• Section 287 — Scope of application
• Section 288 — Acquisition of control
• Section 289 — Notification duties
• Section 290 — Duty of disclosure on acquisition of control
• Section 291 — Special provisions relating to the annual financial statements and the management report
• Section 292 — Asset stripping

Division 4 Special Provisions for Development Promotion Funds

• Section 292a — Development promotion funds
• Section 292b — Liquidity and hedging investments
• Section 292c — Extraordinary termination

Division 1 Provisions on the Marketing and Acquisition of Investment Funds

• Section 293 — General provisions
• Section 294 — Provisions applicable to the marketing and acquisition of UCITS
• Section 295 — Provisions applicable to the marketing and acquisition of AIF
• Section 295a — Revocation of cross-border marketing domestically
• Section 295b — Duties following revocation of cross-border marketing domestically
• Section 296 — Agreements with third countries on UCITS conformity
• Section 297 — Sales documents and disclosure duties
• Section 298 — Publication duties and ongoing information duties for EU UCITS
• Section 299 — Publication duties and ongoing information duties for EU AIF and foreign AIF
• Section 300 — Additional information duties for AIF
• Section 301
• Section 302 — Marketing communications
• Section 303 — Authoritative language version
• Section 304 — Advance charging of costs
• Section 305 — Right of revocation
• Section 306 — Prospectus liability and liability for the key investor information
• Section 306a — Facility for marketing to retail investors
• Section 306b — Pre-marketing by an AIF management company
• Section 307 — Information duties towards semi-professional and professional investors, and liability
• Section 308 — Other information duties

Division 2 Marketing Notification and Prohibition of Marketing for UCITS

• Section 309 — Duties on the marketing of EU UCITS domestically
• Section 310 — Notification for the marketing of EU UCITS domestically
• Section 311 — Prohibition of marketing of EU UCITS
• Section 312 — Notification duty
• Section 313 — Publication duties
• Section 313a — Revocation of the marketing of UCITS in other States party to the Agreement on the European Economic Area

Division 3 Notification, Cessation, and Prohibition of Marketing of AIF

• Section 314 — Prohibition of marketing
• Section 315 — Cessation of the marketing of AIF
• Section 316 — Notification duty of an AIF capital management company on the intended marketing of domestic retail AIF domestically
• Section 317 — Permissibility of the marketing of EU AIF or foreign AIF to retail investors
• Section 318 — Sales prospectus for the marketing of EU AIF or foreign AIF to retail investors
• Section 319 — Representation of the company, venue for the marketing of EU AIF or foreign AIF to retail investors
• Section 320 — Notification duty on the intended marketing of EU AIF or foreign AIF to retail investors domestically
• Section 321 — Notification duty of an AIF capital management company on the intended marketing of EU AIF or domestic special AIF to semi-professional and professional investors domestically
• Section 322 — Notification duty of an AIF capital management company on the intended marketing, to semi-professional and professional investors domestically, of foreign AIF or of domestic special feeder AIF or EU feeder AIF whose respective master AIF is not an EU AIF or a domestic AIF managed by an EU AIF management company or an AIF capital management company
• Section 323 — Notification duty of an EU AIF management company on the intended marketing of EU AIF or domestic special AIF to semi-professional and professional investors domestically
• Section 324 — Notification duty of an EU AIF management company on the intended marketing, to semi-professional and professional investors domestically, of foreign AIF or of domestic special feeder AIF or EU feeder AIF whose respective master AIF is not an EU AIF or a domestic AIF managed by an EU AIF management company or an AIF capital management company
• Section 325 — Notification duty of a foreign AIF management company whose reference Member State is the Federal Republic of Germany on the intended marketing of EU AIF or domestic special AIF to semi-professional and professional investors domestically
• Section 326 — Notification duty of a foreign AIF management company whose reference Member State is the Federal Republic of Germany on the intended marketing of foreign AIF to semi-professional and professional investors domestically
• Section 327 — Notification duty of a foreign AIF management company whose reference Member State is not the Federal Republic of Germany on the intended marketing of EU AIF or domestic special AIF to semi-professional and professional investors domestically
• Section 328 — Notification duty of a foreign AIF management company whose reference Member State is not the Federal Republic of Germany on the intended marketing of foreign AIF to semi-professional and professional investors domestically
• Section 329 — Notification duty of an EU AIF management company or an AIF capital management company on the intended marketing, to semi-professional and professional investors domestically, of domestic special feeder AIF or EU feeder AIF managed by it whose respective master AIF is not an EU AIF or a domestic AIF managed by an EU AIF management company or an AIF capital management company, or of foreign AIF
• Section 330 — Notification duty of a foreign AIF management company on the intended marketing, to semi-professional and professional investors domestically, of foreign AIF or EU AIF managed by it
• Section 330a — Notification duty of EU AIF management companies satisfying the conditions under Article 3(2) of Directive 2011/61/EU on the intended marketing of AIF to professional and semi-professional investors domestically
• Section 331 — Notification duty of an AIF capital management company on the marketing of EU AIF or domestic AIF to professional investors in other Member States of the European Union or in other States party to the Agreement on the European Economic Area
• Section 331a — Revocation of the marketing of EU AIF or domestic AIF in other States party to the Agreement on the European Economic Area
• Section 332 — Notification duty of an AIF capital management company on the marketing of foreign AIF or of domestic feeder AIF or EU feeder AIF whose respective master AIF is not an EU AIF or a domestic AIF managed by an EU AIF management company or an AIF capital management company, to professional investors in other Member States of the European Union or in other States party to the Agreement on the European Economic Area
• Section 333 — Notification duty of a foreign AIF management company whose reference Member State is the Federal Republic of Germany on the marketing of EU AIF or domestic AIF to professional investors in other Member States of the European Union or in other States party to the Agreement on the European Economic Area
• Section 334 — Notification duty of a foreign AIF management company whose reference Member State is the Federal Republic of Germany on the marketing of foreign AIF to professional investors in other Member States of the European Union or in other States party to the Agreement on the European Economic Area
• Section 335 — Certificate of the Federal Institute
• Section 336 — Referrals and requests under Article 19 of Regulation (EU) No 1095/2010

Chapter 5 European Venture Capital Funds

• Section 337 — European venture capital funds

Chapter 6 European Social Entrepreneurship Funds

• Section 338 — European social entrepreneurship funds

Chapter 7 European Long-Term Investment Funds

• Section 338a — European long-term investment funds

Chapter 8 Money Market Funds

• Section 338b — Money market funds

Chapter 9 Pan-European Personal Pension Product (PEPP)

• Section 338c — Applicable provisions

Division 1 Criminal and Administrative Fine Provisions

• Section 339 — Criminal provisions
• Section 340 — Administrative fine provisions
• Section 341 — Involvement of the Federal Institute and communications in criminal matters
• Section 341a — Publication of measures that have become final and of fine decisions that have become unappealable
• Section 342 — Complaints procedure

Division 2 Transitional Provisions

• Section 343 — Transitional provisions for domestic and EU AIF management companies
• Section 344 — Transitional provisions for foreign AIF management companies and for other States party to the Agreement on the European Economic Area
• Section 344a — (repealed)
• Section 345 — Transitional provisions for open-ended AIF and AIF management companies managing open-ended AIF that were already regulated under the Investment Act
• Section 346 — Special transitional provisions for real estate collective investment funds
• Section 347 — Special transitional provisions for retirement provision collective investment funds
• Section 348 — Special transitional provisions for mixed collective investment funds and mixed investment stock corporations
• Section 349 — Special transitional provisions for other collective investment funds and other investment stock corporations
• Section 350 — Special transitional provisions for hedge funds and open-ended special AIF
• Section 351 — Transitional provisions for open-ended AIF and for AIF management companies managing open-ended AIF that were not already regulated under the Investment Act
• Section 352 — Transitional provision on section 127 of the Investment Act
• Section 352a — Definition of closed-ended AIF within the meaning of section 353
• Section 353 — Special transitional provisions for AIF management companies managing closed-ended AIF, and for closed-ended AIF
• Section 353a — Transitional provisions on sections 261, 262, and 263
• Section 353b — Transitional provisions on section 285(3)
• Section 354 — Transitional provision on section 342(3)
• Section 355 — Transitional provisions for UCITS management companies and UCITS
• Section 356 — Transitional provisions on the Accounting Directive Implementation Act
• Section 357 — Transitional provision on section 100a
• Section 358 — Transitional provisions on section 95(2) and section 97(1)
• Section 359 — Transitional provision on section 26(7), third sentence, section 82(6), second sentence, and section 85(5), fourth sentence
• Section 360 — Transitional provision on the Act on the Further Implementation of the EU Prospectus Regulation and on the Amendment of Financial Market Acts
• Section 361 — Transitional provisions on section 5(2), second and third sentence
• Section 362 — Transitional provision on the Fund Location Act
• Section 363 — Transitional provision on the Act for the Further Strengthening of Investor Protection
• Section 364 — Transitional provision on the Act Implementing the Digitalisation Directive
• Section 365 — Transitional provision on the Financial Market Digitalisation Act
• Section 366 — Transitional provision on the Fund Risk Limitation Act
• Section 367 — Transitional provision on sections 29a and 30(3a)