First published on
12 March 2018 (last update on: 18 April 2019)
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In March 2018 the Commission adopted a proposal for a regulation on facilitating cross-border distribution of collective investment funds, amending the EuVECA and EuSEF regulations, and a proposal for a directive amending the UCITS and the AIFM directives. The proposals aim to improve the transparency of national requirements, remove burdensome requirements and harmonise diverging national rules. Thanks to these measures, the cross-border distribution of investment funds will get simpler, quicker and cheaper. These proposals are part of the Commission action plan on the Capital Markets Union.

Documents

On 18 April 2019, the European Parliament endorsed the proposal for a regulation on facilitating cross-border distribution of collective investment funds.

Adopted legislation

  • Regulation (EU) 2019/1156 of the European Parliament and of the Council of 20 June 2019 on facilitating cross-border distribution of collective investment undertakings and amending Regulations (EU) No 345/2013, (EU) No 346/2013 and (EU) No 1286/2014 (Text with EEA relevance)
  • Directive (EU) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (Text with EEA relevance)

Related information

  • Investment funds

    EU laws and initiatives relating to collective investment funds.