The European Securities and Markets Regulator (ESMA) the EU’s securities regulator, has today launched a consultation on the standard forms, templates, and procedures that National Competent Authorities (NCAs) should use to publish information on their websites to facilitate cross-border distribution of funds.
In particular, the standard information should cover:
· National laws, regulations and administrative provisions governing marketing requirements for AIFs and UCITS and the summaries thereof; and
· Regulatory fees and charges they levy for carrying out their duties in relation to the cross-border activities of fund managers.
ESMA will consider the feedback it receives to this consultation by 30 June 2020 with a view to finalising the implementing technical standards for submission to the European Commission by 2 February 2021.
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