Regulatory Alerts2024-03-25
Added · Updated
Commission Delegated Regulation (EU) 2024/911 supplementing Directive 2009/65/EC with regulatory technical standards on information notification for cross-border activities of management companies and UCITS
Management companies must provide specific details including contact information, organizational structure, risk management processes, and financial forecasts when notifying competent authorities of cross-border activities under Articles 17, 18, and 20 of Directive 2009/65/EC. The regulation mandates the disclosure of key personnel data, branch strategies, and procedures for anti-money laundering and investor protection. It also requires notification of any changes to previously submitted information and detailed plans for the winding up of branches. These requirements apply to management companies and UCITS operating across EU member states and enter into force on April 14, 2024, with application starting June 25, 2024.
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