Baur, Jürgen (), Investmentgesetze 2. Teilband, 2nd edition Busack, Michael and Stefan Sohl (), ‘Hedgefonds in Deutschland-Ein Marktüberblick’ . 4a. the Bundesrepublik Deutschland – Finanzagentur GmbH ; the Investment Act (Investmentgesetz – InvG) and German branches of similar. the Securities Trading Act, the German Investment Act (Investmentgesetz), the Maritime Workers” (Deutsche Rentenversicherung Knappschaft-Bahn-See).

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It performs the duties assigned to it under this Act and other laws only in the public interest. The insurance undertaking may not acquire securities representing its own participation rights. Legally, however, the fund is managed by the Master-KVG, and the asset manager functions merely as a service provider.

If, in the criminal proceedings, the prosecution authority considers records as referred to in section 8 1these records may also be transmitted to the tax authorities.

As regards insurance contracts concluded before 1 Januarysection 12 4a applies, with the proviso that. If, in individual cases, this is impossible, due to the urgency of the transaction, the resolution shall be made immediately thereafter.

For the calculation of the minimum amount of other restricted assets, amounts up to 50 percent of the outstanding premiums that have become due during the last three months from primary insurance business and reduced by the valuation allowance may remain unconsidered.

BaFin – Acts – Supervision of Insurance Undertakings (VAG)

It has to review the risk management systems with adequate frequency at least once a year and adapt them whenever necessary. Indirectly investmrntgesetz participating interests shall be fully attributed to the persons and undertakings holding the indirect participating interest.

No fixed date may be set for the end of contribution payments. Reactivation will enable you to use the vocabulary trainer and any other programs. This does not apply if the fiscal authorities require the information for criminal proceedings and any associated tax assessment. If several conglomerate entities fulfil the deutsclhand set forth in the cases outlined in sentence 1 no.


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Otherwise, it shall inform the undertaking before the above period expires that the approval to operate cross-border direct insurance business will not be granted, naming the grounds for refusal. It may take part in the assessment; section 83 3 and 6 apply accordingly. In transmitting data to the financial intelligence unit of another country, it may, for its part, impose restrictions and conditions on the use of the data transmitted.

The trustee shall verify whether the premium has been calculated in accordance with the applicable legal requirements.

The Federal Government advances the expenses and remuneration; the holder of the qualified participating interest and the insurance undertaking are jointly and severally liable for the payments made by the Federal Government. A title obtained under sentence 1 above is enforceable by or against the individual underwriters taking part in the insurance transaction.

Peer comments on this answer and responses from the answerer. Undertakings that are parents that hold a participating interest or that are members of a horizontal group. Subject to the prior approval of the competent authority under section 16 2the obliged entities covered by subsection 1 may, investmsntgesetz the basis of contractual arrangements, assign third parties to implement internal controls and safeguards as described in subsection 2 and investmentgfsetz keep records as described in section 8.

Any such contracts concluded with insurance undertakings subject to supervision under this Act do not become effective until they have been submitted to the Supervisory Authority.

investmentgesetz deutschland : German » English | PONS

If an undertaking domiciled in another member state or EEA state not already covered by the calculations in accordance with section g of this Act or section 10a of the Banking Act is to be included in the calculations, the provisions on investmntgesetz requirements in the country in which the undertaking has its registered office shall apply; this shall apply accordingly to undertakings domiciled in a non-member state, provided that investmentgeestz solvency requirements exist in the country in question.


The Supervisory Authority may impose the measures specified investmengtesetz sentence 1 only if the financial conglomerate has failed to remedy the deficiency within a period set by the Supervisory Authority. BaFin has also issued guidance to clarify a number of uncertainties that may have arisen ddeutschland these provisions.

For the purposes of this provision, “third parties” means institutions and persons domiciled in a member state of the European Union and falling under section 2 1 nos. The Supervisory Authority shall be informed about the manner in which they are maintained.

The following rules must be complied with, in particular when portfolio management activities are intended to be outsourced from the Master-KVG to a third party asset manager.

If insurance contracts are part of a separate portfolio of an insurance undertaking in a state that is not a member state or EEA state, sections 54 and 54b shall be applied as appropriate to the restricted assets under these insurance contracts, unless otherwise set forth under foreign law.

A rate of one one-thousandth of the premium income subject to fee payment shall veutschland be deutxchland. I would understand this to mean that the American holidays would not be taken into account.


A Pensionskasse is a legally independent life insurance undertaking, the purpose of which is to provide cover for a loss of income due to old-age, invalidity or death and which. The asset management of these investors is regulated under the Investment Ordinance Anlageverordnung. In essence, the following tax criteria need to deutschlanf met: