ESMA publishes first overview of national rules governing fund marketing

The European Securities and Markets Authority (ESMA), the EU securities markets regulator, has submitted to the European Parliament, the Council and the European Commission its first report on national rules governing the marketing of investment funds under the Regulation on cross-border distribution of funds.

Metadata

Provider:

ESMA

URL:

https://www.esma.europa.eu/press-news/esma-news/esma-publishes-first-overview-national-rules-governing-fund-marketing

Retrieved on:

Friday, July 2, 2021

Information

Tags:

Money, European Union directives, Finance, European Union, Corporate law, Investment, Undertakings for Collective Investment in Transferable Securities Directive, Directive 2011/61/EU, European Securities and Markets Authority, Transposition, Esma, Investment fund

Summary

Key Points:

The European Securities and Markets Authority (ESMA), the EU securities markets regulator, has submitted to the European Parliament, the Council and the European Commission its first report on national rules governing the marketing of investment funds under the Regulation on cross-border distribution of funds.
In this report, ESMA provides an overview of the marketing requirements across Member States, and analyses the effects of national laws, regulations and administrative provisions governing the marketing of investment funds.
The report is based on responses provided by National Competent Authorities (NCAs) to two questionnaires prepared by ESMA.
National laws, regulations and administrative provisions governing marketing requirements are usually based on the transposition of the AIFMD and the UCITS Directive, although NCAs responses showed that some additional national requirements may be applicable.