VermAnlG-EN
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Sections
Division 1 General Provisions
- Section 1 — Scope of application and definitions
- Section 2 — Exemptions for individual kinds of asset investment
- Section 2a — Exemptions for crowdfunding
- Section 2b — Exemptions for social projects
- Section 2c — Exemptions for non-profit projects and religious communities
- Section 2d — Right of withdrawal
- Section 3 — Supervision, power to issue orders
- Section 4 — Duty of confidentiality
- Section 5 — Notification and service
- Section 5a — Term of asset investments
- Section 5b — Asset investments not admitted
- Section 5c — Control of the use of funds
Division 2 Sales Prospectus, Asset Investment Information Sheet, and Investor Information
- Section 6 — Duty to publish a sales prospectus
- Section 7 — Content of the sales prospectus; authorisation to issue statutory instruments
- Section 8 — Approval of the sales prospectus
- Section 8a — Validity of the sales prospectus
- Section 9 — Period and form of publication
- Section 10 — Notification of the end of the public offer and of full redemption
- Section 11 — Publication of supplementary particulars
- Section 11a — Publication obligations after the end of the public offer; authorisation to issue statutory instruments
- Section 12 — Advertising for asset investments
- Section 13 — Asset investment information sheet
- Section 13a — Period and form of publication of an asset investment information sheet
- Section 14 — Deposit of the sales prospectus and the asset investment information sheet, and the form of submission to BaFin
- Section 15 — Investor information
- Section 15a — Additional particulars
- Section 16 — Prohibition of advertising
- Section 17 — Prohibition of publication
- Section 18 — Prohibition of the public offer
- Section 19 — Duties to provide information to BaFin
- Section 20 — Liability for a defective sales prospectus
- Section 21 — Liability for the absence of a sales prospectus
- Section 22 — Liability for an inaccurate or missing asset investment information sheet
Division 3 Accounting and Audit
- Section 23 — Preparation and disclosure of annual reports
- Section 24 — Content of annual financial statements and management reports
- Section 25 — Audit and confirmation of the statutory auditor
- Section 26 — Shortening of the commercial-law disclosure period
Division 4 Immediate Enforcement and Publication
- Section 26a — Immediate enforcement
- Section 26b — Publication of measures
- Section 26c — Publication of decisions imposing fines