KapMuG: Legislative Process Started to Revise Capital Market Investors’ Model Proceeding Act

During Christmas and the New Year, whilst I was taking a break and stopped blogging, law makers in Berlin remained busy up and until the last business day of the year: 

On December 30, 2011, the draft of the revised Kapitalanlegermusterverfahrensgesetz, or KapMuG for short, the Capital Market Investors’ Model Proceeding Act, has been submitted to the Upper Chamber (Bundesrat) of the German Parliament. I had reported previously about the background to the revision of the Act.At first sight, I could not identify any major changes of the draft that is now being processed in Parliament against the draft version previously circulated, but I will come back on that point separately.

 

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