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Clifford Chance

Clifford Chance

Briefings

The new investment intermediary and investment product law - February 2012

14 February 2012

The Bill to amend the investment intermediary and investment product law (Finanzanlagenvermittler- und Vermögensanlagenrecht, "FinVermG") adopted by the Federal Parliament (Bundestag) on 27 October 2011 was published in the Federal Law Gazette (Bundesgesetzblatt) on 12 December 2011. The Bill will subject further products from the area of the grey capital market to state regulation, in particular through the introduction of additional bases for liability as well as authorisation requirements and a code of conduct for providers and intermediaries of certain products. Our client briefing provides an overview of the main amendments and our assessment of the key legal issues.
 

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