The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungaufsicht - BaFin) published an updated guidance notice on 5 July 2011 with regard to the public distribution of foreign UCITS in Germany, reflecting changes to Directive 2009/65/EC (“UCITS Directive”) introduced by the enactment of the UCITS IV Directive. The guidance notice sets forth the administrative practice of the BaFin with regard to:
- Any initial notification of UCITS for public distribution in Germany.
- Notifications of any amendments related to such initial notification.
- Notifications of the de-registration of UCITS or sub-funds of UCITS in Germany.
Please see full publication below for more information.