Answers to your questions

What happens if an audit report / negative declaration is not submitted to the responsible chamber of industry and commerce / trade authority or not in good time?

If no audit report or negative declaration is submitted, or is submitted incorrectly, incomplete or late, the person concerned thereby commits an administrative offence in accordance with § 26 para. 1 No. 14 FinVermV which can attract a fine of up to 5,000 euros. If breaches of §§ 12 to 23 FinVermV are found in an audit report, a fine may be imposed in accordance with § 26 FinVermV.

In this case we can quickly carry out an audit. Please request further information at Finanzvermittler@npp.de

What are ...?

What are shares or stocks in open-ended domestic investment funds, open-ended EU investment funds or open-ended foreign investment funds which are allowed to be sold under capital investment legislation (§ 34 f para. 1 sentence 1 No. 1 GewO)?

Examples:
Most bond funds, equity funds, a few property funds


What are shares or stocks in closed-ended domestic investment funds, closed-ended EU investment funds or closed-ended foreign investment funds which are allowed to be sold under capital investment legislation (§ 34 f para. 1 sentence 1 No. 2 GewO)?

Examples:
Most ship funds, many property funds


What are asset investments as defined by § 1 para. 2 of the Assets Investment Act (VermAnlG)?

Examples:
Participations in companies pursuant to § 1 para. 2 No. 1 VermAnlG,
Assets held in trust pursuant to § 1 para. 2 No. 2 VermAnlG,
Profit participating loan, subordinated loan pursuant to § 1 para. 2 No. 3 and No. 4 VermAnlG
Profit participation rights pursuant to § 1 para. 2 No. 5 VermAnlG,
Registered bonds pursuant to § 1 para. 2 No. 6 VermAnlG,
Other interest-paying investments pursuant to § 1 para. 2 No. 7 VermAnlG