BELGIUM: FSMA Publish Notification Procedure for UCIs Governed by another Member State of the EEA

Thursday February 14 2013

On 14 February 2013, the Belgian Financial Services and Markets Authority (FSMA) published a circular that contains information on the laws, regulations and administrative provisions that apply to UCITS from another EEA Member State that wish to market their units in Belgium.

Information is also provided on the laws, regulations and administrative provisions that are specifically relevant to the arrangements made for marketing units in Belgium of UCITS governed by foreign law. The circular implements the Belgian legislation transposing Article 91(3) of Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (hereafter “Directive 2009/65/EC”) and Article 30 of Commission Directive 2010/44/EU of 1 July 2010 implementing Directive 2009/65/EC of the European Parliament and of the Council as regards certain provisions concerning fund mergers, master-feeder structures and notification procedure (hereafter “Directive 2010/44/EU”).

Please see the above link for more details.