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Regulatory proposals on cross-border distribution of collective investment funds

21/01/2019

On 21 September 2018, the European Committee on Economic and Monetary Affairs published two draft reports considering the European Parliaments' legislative proposals for a Regulation and a Directive on the cross-border distribution of collective investment funds.

The proposals concerns:

  • the definition of pre-marketing to professional investors which is proposed to be introduced in the AIFMD and in the EuVECA and EuSEF Regulations;
  • the provisions concerning the possibility for AIFMs and UCITS managers to cease marketing a fund which has previously been active in a particular host Member State; and
  • the matter of fees that can be charged by competent authorities, in particular in host Member States, in relation to cross border activity of fund managers
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