Council Approves Regulation on Cross-Border Distribution of AIFs
Published 21 June 2019
Category: AIFs
On 14 June 2019 the Council adopted the new regulation on facilitating cross-border distributions of AIFs.
The new regulation establishes uniform rules on i.a. fees and charges, and it amends the EuVECA regulation to include a pre-marketing definition.
For more details please see Cross-Border Distribution of Collective Investments Undertakings.
Next Steps: The regulation will enter into force 20 days after the regulation is published in the Official Journey of the European Union (expected during June 2019). However, the EuVECA amendments shall apply from 2 years after the date of entry into force of this regulation and, thus, follows the time line for implementation of the AIFMD amendments, see New Directive to Amend AIFMD has been Adopted.
See the adopted text here.
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