On 15 June 2021, there was published in the Official Journal of the EU Commission Implementing Regulation (EU) 2021/955 of 27 May 2021 setting out implementing technical standards (ITS) in accordance with Articles 5(3), 10(3) and 13(3) of the Regulation on cross-border distribution of investment funds.
The ITS in the Commission Implementing Regulation concern the publication of information by Member State national competent authorities on their websites regarding the national rules for marketing requirements for funds, and the fees and charges levied by such competent authorities. The ITS also deal with the forms, templates and procedures for communicating such information to the European Securities and Markets Authority so that it may develop and maintain a central database listing UCITS and alternative investment funds marketed cross-border.
The Commission Implementing Regulation enters into force on 5 July 2021.
It applies from the date of entry into force except for Articles 1 and 3(1) which apply on 2 August 2021, and Article 5 which applies from 2 February 2022.