Regulatory Alerts2020-03-09
Position of the Bank of Lithuania regarding marketing of foreign alternative collective investment undertakings to retail investors
The Bank of Lithuania issued a decision approving specific requirements for marketing units of foreign alternative collective investment undertakings to retail investors in Lithuania. Authorisation is granted only if the manager holds a valid licence, the fund complies with Lithuanian special collective investment undertaking rules on diversification and leverage, and key investor information is provided in Lithuanian. The regulator will assess portfolio composition and internal documents to ensure equivalent investor protection, while mandating advance notification of any material changes that could compromise compliance.
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