Regulatory Alerts2013-02-22
Regulation of the Financial Market Council on Collective Investment Undertakings in Securities and Portfolio Management for Third Parties
The Financial Market Council issued this regulation to establish comprehensive approval, operational, and reporting requirements for Collective Investment Undertakings in Securities (CIUS), including SICAVs and FCPs, as well as venture capital and risk mutual funds. It mandates detailed prospectus publication, defines manager and depositary responsibilities, outlines liquidation procedures, and introduces an expedited approval pathway for funds targeting sophisticated investors. Furthermore, it specifies asset allocation thresholds, fee disclosures, and reporting timelines to ensure transparency and regulatory oversight across all authorized financial products.
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