Amendment to German Investment Ordinance – Additional flexibility for alternative investments

On 6 February, the Eighth Ordinance amending ordinances pursuant to the German Insurance Supervision Act (Versicherungsaufsichtsgesetz) was promulgated, introducing, among other things, amendments to the German Investment Ordinance (GIO). The revised GIO includes henceforth the implementation of an infrastructure quota, the expansion of the risk capital investment quota and the further utilization of the escape clause in the German Investment Ordinance (Anlageverordnung).