The European Securities and Markets Authority has issued on
February 1 its final report on implementing technical standards
under the EU's regulation on cross-border distribution of
funds.
The cross-border distribution regulation, along with its
accompanying directive, were adopted as of June 20, 2019. The
regulation has been directly applicable from August 1, 2019, apart
from provisions on marketing communications requirements and
European social entrepreneurship funds, which take effect as of
August 2, 2021. That date is also the deadline for adoption of the
directive into national law by EU member states.
The implementing technical standards deal with the publication
of information by national regulators on their websites and their
notification of information to ESMA, as well as the publication of
information by ESMA on its website.
