Services

Prospectus assessments

Prospectus assessments

Closed-end fund sales prospectuses for the German market are subject to the German Prospectus Act (VerkProspG) and the German Investment Prospectus Ordinance (VermVerkProspV). In addition, sales partners, brokers and investors often demand a prospectus assessment based on auditing regulation IDW S4 of the German Institute for Auditors (IDW) which assures that the content is complete, correct, and clearly written.

Auditing regulation IDW S4 of the German Institute for Auditors (IDW) details how auditors assess sales prospectuses and put together prospectus assessments. A wide range of specifications apply to sales prospectuses, all of which need to be taken into consideration during an assessment. 

The aim of a prospectus assessment is to determine to the largest possible extent whether the information is complete, correct and clearly written in order for potential clients to make an informed decision with regard to investing in a fund. The results are then published in the form of a prospectus assessment.

We carry out prospectus assessments based on auditing regulation IDW S4 of the German Institute for Auditors (IDW). By assessing your sales prospectus, TPW can ensure that it meets local legal requirements as well as the terms set out in auditing regulation IDW S4 of the German Institute for Auditors (IDW). This in turn reduces your liability risk as the fund provider/issuer.  

Our long-standing experience in prospectus assessments means that you can rest assured that your fund prospectus is in good hands. When assessing a prospectus, we sit down with the client to determine their individual requirements and explain possible approach methods within the scope of the profession.