Cross-Border Distribution

Services

EU cross-border distribution of UCITS
EU cross-border distribution of AIFs
UCITS passporting and notification procedures
AIFMD marketing passport and notification procedures
Distribution of funds to professional investors
Distribution to retail investors under applicable national requirements
National private placement regimes (NPPRs)
Assessment of target-market and investor-eligibility requirements
Host Member State regulatory requirements
Review of local marketing and distribution requirements
Fund documentation and offering materials for cross-border distribution
Marketing communications and regulatory requirements
Local agent and facilities arrangements, where required
Notification, filing and registration requirements
Ongoing regulatory obligations in host jurisdictions
Changes to cross-border distribution arrangements
Withdrawal from distribution in individual Member States
Monitoring developments affecting cross-border marketing
Advice on distribution structures for US and other non-EU asset manager

Cross-border distribution enables investment funds established in one jurisdiction to be marketed to investors in other jurisdictions, subject to the applicable legal and regulatory framework. The practice advises fund managers on the requirements for distributing UCITS and AIFs across EU and EEA markets. This includes advice on passporting procedures, national private placement regimes and applicable host-state requirements. Particular attention is given to the regulatory requirements governing the marketing of funds to professional and retail investors in different jurisdictions. The practice also advises on the legal and regulatory implications of entering new markets, including local marketing requirements, investor documentation and ongoing compliance obligations. Advice can be provided on both the initial establishment of cross-border distribution arrangements and subsequent changes to a fund's distribution strategy.