Europe
ESMA Consultation on Notifications for Cross-Border
Marketing and Management of Funds
On 17 May 2022, ESMA issued a consultation on the information to be
provided and templates to be used by firms when informing
regulators of their cross-border marketing and management
activities under the UCITS
Directive and AIFMD ("CP").
Purpose of the Consultation
The CP is the first stage in the development of draft
implementing technical standards ("ITS") and regulatory
technical standards ("RTS").
The ITS and RTS will specify the information to be provided, as
well as the content and format of notification letters to be
submitted, by UCITS management companies and alternative investment
fund managers ("AIFMs") to their national competent
authorities ("NCAs") when seeking to undertake
cross-border marketing; and / or cross-border management activities
in host Member States.
