BaFin consultation: Guidance Notice on the influence of investors on investments and disinvestments of investment funds
- Averroes Concept Lounge
- Mar 20
- 1 min read
On 14 March 2025, the German Financial Supervisory Authority (BaFin) published a draft of a Guidance Notice for public consultation that specifies the scope of investor influence on investment decisions by capital management companies permitted under supervisory law.
The Guidance Notice is based on Section 17 KAGB, according to which capital management companies are responsible for the management of their investment funds. The draft clarifies that excessive investor influence contradicts this fundamental principle and defines the limits under supervisory law.
BaFin will accept comments on the draft Guidance Notice until 31 March 2025.
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