Europe
ESMA Consultation on Notifications for Cross-Border
Marketing and Management of Funds
On 17 May 2022, the European Securities and Markets Authority
("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 (the
"CP").
The closing date for responses to the CP was 9 September 2022.
ESMA expects to publish a final report by the beginning of 2023.
Following the consultation period, the draft RTS and ITS will be
finalised and submitted to the European Commission. For more
information, please see our previous update.