New BaFin Circular – Can Asset Investments Still Be Packaged Products Under the PRIIPs Regulation?
On July 27, 2026, BaFin published a circular regarding the classification of asset investments under the Asset Investment Act as packaged products under the PRIIPs Regulation. Can asset investments still be offered with a key information document?
Asset Investment Under MiCAR – Is a Securities Prospectus or Crypto Whitepaper Needed for the Public Offering?
Asset investments under the German Asset Investment Act are not considered financial instruments under MiFID2 because they are based on national regulation. Can they therefore be subject to both German regulation as an asset investment and MiCAR regulation and what are the implications of this?
