ESMA · ESMA_QA_1179 Answer Published

Notification of UCITS and UCITS management companies; exchange of information between competent authorities

Name: Notification of UCITS and UCITS management companies; exchange of information between competent authorities: ESMA Q&A — EU Financial Regulatory Q&A
Creator: European Securities and Markets Authority
License: https://creativecommons.org/licenses/by/4.0/

Regulation: Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
Topic: Disclosures
Submitted: 2012-07-01
Answered: 2012-07-01

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Question

Should UCITS that wish to market new investment compartments in a Member State where they are already notified for marketing for other existing investment compartments undertake a new notification procedure via their competent authority?

Answer

[ESMA 34-43-392 UCITS Q&A, section 4, Q&A 1a] Yes. According to Article 91(4) of Directive 2009/65/EC, the notification procedure as referred in to Article 93 of that Directive also applies to investment compartments of UCITS.

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