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ARTICLE · 08 JUNE 2021

EU Cross-Border Fund Distribution Rules – Are You Ready?

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New EU Directive EU/ 2019/1160 regarding the cross-border distribution of collective investment undertakings and Regulation EU/ 2019/1156 on facilitating cross-border distribution...

European UnionFinance and Banking

New EU Directive EU/ 2019/1160 regarding the cross-border distribution of collective investment undertakings and Regulation EU/ 2019/1156 on facilitating cross-border distribution of collective investment undertakings under the Capital Markets Union comes into effect on 2 August 2021.

Please refer to our previous client update below1.

UCITS - What do you need to know?

  • Facilities currently administered by a local agent may be provided remotely, i.e. a physical presence in the relevant EEA Member State is no longer necessary.
  • Certain update notifications must be notified to the home Member State national competent authority ("NCA") and host EEA Member State NCA at least one month before implementing the change (e.g. registration of new share classes).

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