Following on from our recent publication (click here) and in advance of the forthcoming
EU elections, the European Parliament voted on 16 April 2019 to
adopt the trilogue agreement on the Commission's initiatives to
ease cross-border distribution of collective investment
schemes.
The legislative texts will enter into force 20 days after their
official publication in the Official Journal and in light of the 24
month transposition period the current expectation is that the new
regime will go live in 2021.
ESMA has been mandated to develop implementing technical
standards within 18 months of entry into force of the Regulation to
determine standard forms, templates and procedures for the
publications and notifications provided for therein.
