Aggregated News From Investment Management Regulators

Quantum Technologies Fund Limited / BaFin prohibits asset management activities


Please complete the required fields.

In a notice dated 14 May 2020, BaFin ordered Quantum Technologies Fund Limited, also operating as Quantum Hedge Fund Limited, Hong Kong, to cease its unauthorised asset management activities immediately.

On the website and via an “agency programme”, or network of agents, some of whom operate in Germany, the company offers complete “portfolios”. The company claims that their investors share in the performance of these products. A clear investment strategy is not evident. The investors themselves do not make any decisions as to which financial instruments their money is invested in.

Quantum Technologies Fund Limited is therefore conducting asset management activities within the meaning of section 1 (1a) sentence 1 no. 11 of the German Banking Act (Kreditwesengesetz – KWG) on a commercial basis. However, the company does not hold the authorisation required under section 32 (1) of the KWG. It is therefore conducting unauthorised business activities.

Regulator Information

Recent Articles

Feedback Statement on Funding Financial Regulation and Designated Business Oversight

Published on: 14 May 2021 The Isle of Man Financial Services Authority has today published a Read more

Solid Invest

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

Vision Introducer Ltd t/a Money Bonds Market (Clone of former Appointed Representative firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

CSA and IIROC issue reminder of the implementation date for mandatory transparency requirements related to debt securities

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) remind banks of mandatory transparency requirements that take effect on...

Get the latest from Regulatory.News in your inbox!