The German legislator joins other ongoing initiatives considering changes to the regulation of alternative investment funds at European level. Following the recent issue of draft legislation proposing simplifications to the German fund regime, the German Ministry of Finance is consulting with industry associations on possible improvements targeted at making Germany more attractive as a fund location. This coincides with the review of the AIFMD currently being undertaken by the European Commission preceded by input from the ESMA and Commission over the past year.
The improvement of the existing German fund regime is intended to result in overarching economic benefits for the German fund industry.
The draft bill comes with a number of points of interest for the real estate sector.