Home / Europe / Germany / Funds / Regulatory and Tax Compliance

Regulatory and Tax Compliance

Back to Funds

The German Investment Code (KAGB) and Investment Tax Act (InvStG) have placed the regulation and tax treatment of open-ended and closed-end funds on a new footing. We advise investment management companies, funds, depositaries, asset managers, fund service providers and investors on compliance with the regulatory and tax-related requirements.

Regulatory compliance

As part of our service to ensure compliance with the German Investment Code (KAGB), we assist our clients with applications for licences and registration, provide support for developing internal guidelines, e.g. in relation to remuneration packages, and provide ongoing advice on all matters involving distribution and liability.

We advise previously unregulated asset managers on the switch to regulated structures and products. This includes helping to assess structuring options outside the regulated environment. We also advise on master investment management company concepts.

We advise on transactions involving funds with regard to compliance with the KAGB, e.g. joint ventures in the property sector or notification requirements in the case of private equity transactions.

Tax compliance

Implementation of the AIFM Directive also has wide-ranging implications for the provisions of the Investment Tax Act.

Our tax compliance specialists can advise on adapting your fund structures to the new tax regulations. We provide guidance on the required changes to fund documentation and, as an additional safeguard, assist in obtaining binding information from the authorities. Our compliance team can also advise on your obligation to file tax returns and provide reports.

25/09/2020
Fu­ture fa­cing funds
The world in which the in­ter­na­tion­al funds in­dustry op­er­ates is chan­ging at un­pre­ced­en­ted speed. The eco­nom­ic con­sequences of Cov­id-19 present a massive chal­lenge to some funds and an op­por­tun­ity to oth­ers...

Feed

25/09/2020
Fu­ture fa­cing funds
The world in which the in­ter­na­tion­al funds in­dustry op­er­ates is chan­ging at un­pre­ced­en­ted speed. The eco­nom­ic con­sequences of Cov­id-19 present a massive chal­lenge to some funds and an op­por­tun­ity to oth­ers...
01/08/2018
NEXTCLIN­ICS ad­vised by CMS team on ac­quis­i­tion of IVF-Zen­tren Prof. ZECH,...
Stut­tgart – NEXTCLIN­ICS IN­TER­NA­TION­AL GmbH has ac­quired IVF-Zen­tren Prof. ZECH, a group of private clin­ics spe­cial­ising in re­pro­duct­ive medi­cine. The trans­ac­tion is cur­rently await­ing ap­prov­al from...
22/09/2015
Her­ings­dorf pier on Use­dom changes hands with sup­port from CMS
Co­logne – Her­ings­dorf pier on the is­land of Use­dom has been sold by its cur­rent own­er, a prop­erty com­pany op­er­ated by Mu­nich-based firm Li­tos Im­mob­i­li­en AG. Kri­ton Im­mob­i­li­en Ser­vice GmbH of Mu­nich...
22/09/2014
CMS re­leases AIFMD Guide to Pass­port­ing
‘Bor­der con­trols’ im­posed by do­mest­ic reg­u­lat­ors in­hib­it cross-bor­der fund mar­ket­ing Frank­furt, 22nd Septem­ber, 2014. Do­mest­ic reg­u­la­tions in Europe are in­hib­it­ing the cross-bor­der be­ne­fits of the...
16/07/2014
CMS Hasche Sigle ad­vises EnBW on in­vest­ments by re­gion­al en­ergy com­pan­ies...
Stut­tgart – Twelve re­gion­al en­ergy com­pan­ies from Baden-Württem­berg yes­ter­day signed in­vest­ment agree­ments in on­shore wind farms be­long­ing to EnBW En­er­gie Baden-Württem­berg AG. The wind power plants...
21/11/2013
CMS Hasche Sigle ad­vises Seafort on ac­quis­i­tion of three com­pan­ies from...
Stut­tgart / Ham­burg – Private equity fund Seafort Ad­visors I is ac­quir­ing three com­pan­ies op­er­at­ing in dif­fer­ent sec­tors from Mu­nich-based private equity fund Auc­tus. The Seafort fund was set up spe­cific­ally...
20/06/2013
Lat­er­al hire for tax law: CMS Hasche Sigle con­tin­ues to ex­pand in­vest­ment...
Frank­furt/Main – CMS is ex­tend­ing and strength­en­ing the tax as­pect of its fund prac­tice by hir­ing Dr Till­man Kem­pf as a part­ner with ef­fect from 1 Septem­ber 2013. "We are de­lighted that Mr Kem­pf is...
04/06/2013
Lat­er­al hire for Bank­ing & Fin­ance: CMS Hasche Sigle ex­pands fund ex­pert­ise...
Frank­furt – CMS Hasche Sigle is ex­pand­ing its ex­pert­ise in the field of in­vest­ment funds by ap­point­ing Dr Daniel Voigt as part­ner with ef­fect from 1 June 2013. The law firm is also bring­ing to­geth­er...