Regulatory Alerts2010-12-20
Added · Updated
CSSF Regulation No 10-05 Transposing Commission Directive 2010/44/EU on Fund Mergers, Master-Feeder Structures and Notification Procedures
This Regulation establishes detailed rules for the implementation of the Law of 17 December 2010 relating to undertakings for collective investment, specifically concerning fund mergers, master-feeder structures, and notification procedures. It mandates that merging and receiving UCITS provide unitholders with concise, non-technical information regarding merger impacts, rights, fees, and portfolio changes, and defines the required content for agreements between master and feeder UCITS. The text specifies obligations for information-sharing between depositaries and auditors, sets standards for key investor information, and outlines procedures for handling unitholder subscriptions, redemptions, and cash payments during mergers.
More like this from CSSF
We email you every new CSSF publication the day it's published.