On August 5, the German Federal Ministry of Finance published a draft bill to strengthen the fund market. This is primarily intended to transpose Directive (EU) 2024/927 amending the UCITS and AIFM Directives into national law on a one-to-one basis. However, the Act to Strengthen the Fund Market also contains other points that do not implement EU law but are intended to strengthen Germany as a fund centre. We report on the most interesting aspects.