Moving Towards Regulating Closed-End Funds in Germany?
8 July 2009
Mayer Brown Legal Update
he German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”) submitted a report on the “Grey Capital Market” to the German parliament’s finance committee on June 10, 2009. The BaFin-report makes several proposals aimed at improving investor protection in the Grey Capital Market.