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ARTICLE · 22 JULY 2019

Cross-Border Distribution: New EU Regulation And Directive

ELVINGER HOSS PRUSSEN, société anonyme
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The new EU regulation and directive on cross-border distribution were published in the Official Journal of the European Union on 12 July 2019

European UnionFinance and Banking
Elvinger Hoss Prussen
Elvinger Hoss Prussen

The new EU regulation and directive on cross-border distribution were published in the Official Journal of the European Union on 12 July 2019.

1. Cross-border distribution directive (EU) 2019/1160 amending the UCITS and AIFM directives

This directive notably includes:

  1. - A pre-marketing definition for AIFMs1: the new directive allows AIFMs to engage in pre-marketing activities to test an investment idea or an investment strategy with EU professional investors in order to test their interest in an AIF or a compartment which has not yet been established, or which is established, but has not yet been notified for marketing in the Member State where the potential investors are domiciled or have their registered office.

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