Cross-border distribution of investment funds
Investment funds are products created to pool investors' capital and to invest it in a collective portfolio of securities. The characteristics of a range of different types of investment funds have been established in Union law, and most funds on the market are categorised as one of these types. The market in the EU is smaller than in the United States, despite there being far more funds in the EU. This is why the European Commission put forward two legislative proposals: one for a regulation aligning national requirements for marketing funds and regulatory fees and harmonising the process and requirements for the verification of marketing material by national competent authorities, and the other for a directive harmonising the conditions under which investment funds may exit a national market and allowing European asset managers to engage in pre-marketing activities. Parliament and Council approved the texts agreed in trilogue on 16 April and 14 June 2019 respectively. The final acts were published on 12 July 2019. The directive’s provisions shall apply from 2 August 2021, and the regulation’s from August 2019, with some exceptions. Third edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.
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Beleidsterrein
Zoekterm
- administratief beheer
- alternatieve beleggingsinstelling
- beleggingsmaatschappij
- commercialisering
- dienstverrichting
- ECONOMIE, VERKEER EN HANDELSVERKEER
- effecten
- EU-instellingen en Europese overheid
- Europese Autoriteit voor effecten en markten
- EUROPESE UNIE
- financieel beheer
- financiële instellingen en krediet
- financiële voorschriften
- FINANCIËN
- harmonisatie van de wetgevingen
- holding
- icbe-fonds
- kapitaalbelegging
- ONDERNEMING EN CONCURRENTIE
- ondernemingsvorm
- Recht van de Europese Unie
- recht van vestiging
- voorstel (EU)
- vrij verkeer van kapitaal
- vrij verrichten van diensten
- werkgelegenheid
- WERKGELEGENHEID EN ARBEID