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Show distribution of domestic public AIFs in Germany

Service Description

Public AIFs are undertakings for collective investment that collect capital from a number of investors. They use this capital to invest it in accordance with a defined investment strategy and for the benefit of the investors.

Public AIFs are not operationally active companies outside the financial sector and are not undertakings for collective investment in transferable securities (UCITS). They can be, for example, funds of funds, open-ended real estate funds or closed-ended funds. In principle, anyone can invest in AIFs. This is why they are also called public AIFs.

If you, as a capital management company, wish to market domestic public AIFs in Germany, you must generally notify the Federal Financial Supervisory Authority (BaFin).

Process flow

You can submit the notification for the distribution of domestic public AIFs online via the BaFin MVP portal:

  • To do so, log in to the MVP portal with your access data.
    • If you do not yet have access: First register on the MVP portal.
  • Create an informal letter of notification.
  • Compile all the necessary documents and attach them to the notification.
  • Send these documents to BaFin exclusively electronically via the MVP portal.
  • You will receive a notification.

Requirements

As a capital management company, you want to market domestic public AIFs in Germany.

Which documents are required?

Please also enclose the following information and documents with the notification:

  • Business plan containing information on the notified AIF, in particular the name and registered office of the AIF
  • Terms and conditions of investment or a reference to the terms and conditions of investment and, if applicable, the articles of association or partnership agreement of the AIF
  • Details of the depositary or a reference to the depositary of the AIF approved by the Federal Financial Supervisory Authority
  • Sales prospectus and key investor information of the AIF
  • all other information available to investors about the notified AIF
  • if the notified AIF is a so-called feeder fund:
    • Reference to the approved investment conditions of the master fund
    • Reference to the depositary of the master fund
    • Sales prospectus and key investor information of the master fund
    • Indication of whether the master fund may be marketed to private investors within the scope of this Act

What are the fees?

Fee: 2526,00 EUR
Payment in advance: no
BaFin charges the fee for each notification.

What deadlines do I have to pay attention to?

You must submit the notification before marketing the AIF.

Planned changes to the AIF must be notified at least 20 working days before the change is made, unplanned changes immediately after they occur.

Processing duration

Processing Time: 20 Days
BaFin will inform you within 20 working days of receipt of the complete notification documents and approval of the terms and conditions of investment and the depositary whether you may commence distribution.

Legal basis

Applications / forms

  • Detailed information on how to lodge an objection can be found in the notification of your application.
  • Legal action before the administrative court

Further Information

Author

Forwarding service: Deep link to the original portal

Federal Financial Supervisory Authority (BaFin)

The text was automatically translated based on the German content.

Technically approved by

Federal Ministry of Finance (BMF)

Professionally released on

25.09.2023

Source: Zuständigkeitsfinder Thüringen (Linie6Plus)

No competent authority found

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