Regulatory Alerts2013-07-22
Guidance Notice on Marketing of EU UCITS in Germany
BaFin’s Guidance Notice establishes the notification framework and operational requirements for marketing EU UCITS units in Germany under Section 310 of the Investment Code. It mandates the use of a standardized notification letter, specifies German or internationally customary language for sales documentation and investor publications, and requires UCITS management companies to ensure payment remittance, redemption access, and transparent fee communication. The notice also details a €322 processing fee, outlines procedures for updating sales documentation and notifying material changes, and clarifies special provisions for umbrella schemes.
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