The Federal Cabinet (Bundeskabinett) has passed a draft law regarding the implementation of SD II on 20 March 2019 and submitted the draft law to the Federal Council (Bundesrat).
Gesetz zur Umsetzung der zweiten Aktionärsrechterichtlinie (ARUG II)
The draft law provides for a 1:1 implementation of SD II's provisions into German law, particularly by amendments to the German Stock Corporation Act (Aktiengesetz) and the German Commercial Code (Handelsgesetzbuch).
The draft law is scheduled for discussion by the Federal Council (Bundesrat) on 17 May 2019.
Peter Veranneman and Christoph Meves
The draft law provides for the following changes to current German law: