Towards an easier cross-border distribution of funds in the EU ?

ABBL Published 23.03.2018

As part of its  recently adopted package of measures in the context of the Capital Market Union, the Commission adopted proposals aiming at facilitating cross-border distribution of funds in the EU.

On 12th March, the European Commission published a package of measures aiming at reducing regulatory barriers to cross-border distribution of investment funds in Europe.

These modifications  are, amongst others, focusing on the following areas :

  • Introducing a definition of pre-marketing (AIFMD)
  • Introducing new de-registration rules (AIFMD and UCITS)
  • Amending existing rules on Administrative arrangements and local agents (AIFMD and UCITS)

The Commission also proposed the creation by ESMA of a database of regulatory fees and charges including information the national competent authorities will provide.

The current Commission and European Parliament mandate run until mid 2019, the co-legislators therefore have a year to agree on a final version of this initiative. The Council is the first to start working on this proposal as the Bulgarian presidency orgnanised this week a kick off meeting. Who will be dealing with this file has not yet been determined in the European Parliament, therefore this work stream will start in a few weeks.

More information

By Aurélie Cassou, Senior Adviser – European Affairs, ABBL & ALFI


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