Investor Presentaiton
Changes to Passporting Notifications
The Directive (EU) 2019/1160 amends passporting notification procedures in relation to
UCITS and AIFs which have been notified for marketing on a cross-border basis.
Changes to the UCITS marketing passport
■ Modified notification procedures
and timeframe in Art. 93(8) UCITSD
on changes of initial notification
▪ Written notice of changes one
month before implementation to
home and host Member State NCA
■ 15 working days to inform UCITS of
non-compliance/non-
implementation of changes by
home Member State NCA
■ Re means of communication, home
and host NCA procedures to be
checked
Directive (EU) 2019/1160, Recitals
"(3) It is necessary to fill in the regulatory gap and
align the procedure for notifying competent
authorities of changes regarding UCITS with the
notification procedure laid down in Directive
2011/61/EU."
Changes to the AIFMD marketing and management passport
■ Modified notification procedures
and timeframe in Art. 32(7) AIFMD
on changes of initial notification
Notification of home NCA in the
event of material changes on
information previously filed
■ One month prior to implementation
☐
or immediately (in case of
unplanned changes)
15 working days (no acceptance
period re AIFM), 1 month
(confirmation period re host NCA)
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