The European Securities and Markets Authority (ESMA), the EU’s securities regulator, has today published a final report on implementing technical standards (ITS) under the Regulation on cross-border distribution of funds.
The ITS focus on the publication of
information by national competent authorities (NCAs) on their websites,
the notification of information by NCAs to ESMA and the publication of
information by ESMA on its website.
The final report and draft ITS largely reflect the
original consultation proposals, focused on the information to be
published on NCAs websites regarding the national rules governing
marketing requirements for funds, and the regulatory fees and charges
levied by NCAs in relation to fund managers’ cross-border activities.
The draft ITS also include provisions on the communication of
information by NCAs to ESMA for the purpose of developing and
maintaining a central database listing UCITS and AIFs marketed
cross-border on ESMA’s website.
Next steps
Following reception of the draft ITS, the European Commission shall decide whether to adopt it within three months
a final report
ESMA
© ESMA
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