By Yann Power, General Manager, Head of Market Insight, FundGlobam
Can I use an exhibition space at a conference in France and organise a cocktail for potential investors without registering my investment fund with the AMF? Can I accept a subscription request from a British investor although I do not market my fund in United Kingdom (UK)? These are typical concerns asset managers have about which marketing activities are permitted and which are not. The answer is rarely simple. The competent authorities of some countries have, however, provided some guidance.
What’s the problem?
The UCITS Directive offers a cross-border marketing passport. UCITS may automatically be marketed in their home Member State. The passport permits the...
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