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Frank Herring

Of Counsel

Frankfurt am Main

Herring Frank
Frank Herring

Of Counsel

Frankfurt am Main

Frank is a leading expert in financial services regulation, with a special focus on the regulation of investment and asset managers. Together with his team, he advises clients on a broad range of regulatory requirements under the Investment Code (Kapitalanlagegesetzbuch), the German Banking Act (Kreditwesengesetz), Insurance Supervision Law (Versicherungsaufsichtsgesetz) and the Securities Trading Act (Wertpapierhandelsgesetz).

Frank is a lecturer at the Institute for Law and Finance at the Johann Wolfgang Goethe University in Frankfurt since 2015.

Frank is recognised as a leading German investment funds lawyer by Juve, Legal 500 and PLC.


"hold him in high professional esteem" (competitor) - JUVE HANDBOOK 2019/2020

"enjoys an excellent reputation in the market" - Legal 500 2019

News & insights

Modern buildings with mirrored glass reflecting a blue sky

Publications: 20 OCTOBER 2021

HM Treasury concludes its Payments Landscape Review

HM Treasury's recent publication concludes the Government's review of he payments landscape. In it, the Government sets out its vision for the UK payments sector identifying four priority areas and…

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Regulatory Monitoring

Publications: 01 OCTOBER 2021

Regulatory Monitoring - relevant developments regarding German and European regulatory law

Our monthly regulatory newsletter monitors all relevant developments regarding German and European regulatory law in English language.

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Lines of coloured lights

Publications: 15 JUNE 2020

Great Secondaries – Liquidity from PE and other illiquid asset fund investments

Looking beyond Covid-19, investors want to understand how they can reshape their private equity and illiquid asset fund portfolios. 

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Great Expectations – IBOR transition for Funds and Asset Managers

Publications: 08 JUNE 2020

Great Expectations – IBOR transition for Funds and Asset Managers

Fund and asset managers will need to carefully consider the impact of the IBOR transition on their business and take action significantly before the end of 2021 to enable them to properly prepare. 

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Financial Services Regulation

Funds and Asset Management

Alternative Investments




Frankfurt am Main

Allen & Overy LLP
Bockenheimer Landstraße 2
60306 Frankfurt am Main

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Assessor, Germany, 1996

Admitted as German Rechtsanwalt, 1996

Published work

  • „Gesetz zur Stärkung des Fondsstandortes Deutschland“, Absolutreport 1/2021 (together with Lennart Dahmen)
  • „AIFMD Review: Meilensteine auf dem Weg zur AIFMD II“, RdF 2021, S. 4 (together with Lennart Dahmen)
  • „Die Übertragung von Aufgaben durch Kapitalverwaltungsgesellschaften unter dem KAGB - Zulässigkeit, Grenzen und Haftung“, Dissertation, 2020
  • Chapter on Depositary, in: Baur/Tappen/Merkkahr/Behme (editors), Investmentgesetze, 4th ed., 2019
  • Chapter on Hedge Funds, in: Moritz/Helios/Jesch (editors), Frankfurter Kommentar - Recht der Assetklassen, 2019 (together with Dennis Kunschke)
  • „Lizenzleihe und Robo-Advice“, in: Kunschke/Schaffelhuber (editors), FinTech – Grundlagen – Regulierung – Finanzierung – Case Studies, 2018
  • „Einsatz von Drittvertrieben durch Kapitalverwaltungsgesellschaften – ein Fall der Auslagerung nach § 36 KAGB?“, WM 2016, 298 (together with Dennis Kunschke)
  • „Die Verwaltung alternativer Investmentvermögen nach dem KAGB-E - Bestimmung der AIF-Kapitalverwaltungsgesellschaft, Master-AIF-KVG-Strukturen, Typenzwang und deren Auswirkungen auf die Verwaltung“, in: Der Betrieb 2012, p. 2029 (together with Detmar Loff)
  • „§ 240 KAGB: Rechtliche Problemfelder bei der Darlehensgewährung an Immobilien-Gesellschaften“, RdF 2017, pp. 22-30 (together with Dennis Kunschke)
  • „Vermögensanlagen von Versicherern in Spezial-Immobilienfonds“, Absolutreport 5/2016 (together with Martin Krause)
  • „Der Sonderbeauftragte in der Bankenaufsicht – Neuregelung durch das Restrukturierungsgesetz“, WM 2011, p. 1311 (together with Bernhard Fiedler)
  • „Auswirkungen der AIFM-Richtlinie auf institutionelle Investoren“, Absolutreport 2/2010, pp. 54 ff. (together with Martin Krause)
  • „Die Umsetzung der Finanzsicherheiten-Richtlinie und ihre Folgen für Kapitalanlagegesellschaften, deutsche Single-Hedgefonds und Prime Broker“, in: ZIP 2004, p. 1627 (together with Sever Cristea)
  • „Rechtliche Grenzen des Outsourcing – der neueste Entwurf des BAKred Rundschreibens“, in: ZFGK 2000, p. 23 (together with Andreas Steck)

Briefing Papers:

  • Herring/Loff (2011) „AIFMD - Overview“
  • Herring/Loff (2011) „AIFMD - Scope”
  • Herring/Loff (2011) „Amendment of the Law Governing Investment Intermediaries and Capital Investment”
  • Herring/Loff (2011) „Countdown to UCITS IV - Organisational Duties“
  • Herring/Loff (2010) „PRIPs - Packed Retail Investment Product”
  • Herring/Loff (2010) „Countdown to UCITS IV - The new Regime and the Key Investor Information”
  • Herring/Loff (2010) „The new German Investor Protection Act”
  • Herring/Loff (2007) „Best Execution under MiFID - A step by step guide”
  • Herring/Loff (2007) „MiFID for EC-branches”
  • Herring/Loff (2007) „MiFID- Inducements”