ESMA consults on cross-border activity notifications
ESMA has published a consultation paper on notifications for cross-border marketing and fund management.
The proposals aim to harmonise the process of notifying national competent authorities (NCAs) of cross-border marketing and management activities related to UCITS and AIFs, by creating templates and collecting standardised information.
ESMA will develop a draft implementing technical standards (ITS) and regulatory technical standards (RTS), detailing the specific information fund managers and related parties must provide, as well as common templates that can be used when notifying NCAs.
The documents will also include communication procedures for notifying EU member state NCAs.
The consultation is aimed at the following:
- Alternative investment fund managers
- Internally managed AIFs
- UCITS
- ManCos
- Internally managed UCITS
- Trade unions
- Professional and retail investors who invest into UCITS and AIFs
The consultation is open...
Categories: NewsFundraising & fund structuringDomiciles