On March 31, 2022, the German Federal Financial Supervisory Authority published for consultation a draft of the new version of the fact sheet on the prohibition of blind pool constructions in the German Capital Investments Act (Vermögensanlagengesetz). We present the proposed amendments.

The Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés, RCS) recently published a brochure giving notice of a new registration filing formalism for all present and future entries starting April 2022. This new registration filing formalism applies to all natural persons who, by virtue of their function in the company, regardless of their position, are required to be registered in the file of a company or other entity registered with the RCS. The brochure also announces that all Luxembourg addresses registered in the RCS will be compared to the national register of localities and streets (registre national des localités et des rues).

On November 25, 2021, the European Commission adopted a package of measures to improve the ability of companies to raise capital across the EU and ensure that Europeans obtain the best deals for their savings and investments. All parts of the legislative package will now be discussed in the European Parliament and the Council. The Commission asks the two legislative bodies to start working on these proposals as soon as possible.

There are four proposals in the package, which we will briefly point out before going into more detail on the ELTIF proposals and on the recommended amendments to the AIFM Directive.