ESMA_QA_2637
10/09/2025
Subject Matter
Impact of the new exemptions foreseen for distributors in Article 20 (6a) AIFMD and Article 13(3) UCITS Directive on Article 4 CBDF Regulation
    In cases where a distributor is acting on its own behalf, as referred to under Article 1(9)(d) and Article 2(4)(b) AIFMD II , is the AIFM or UCITS management company exempted from the requirements regarding marketing communications in Article 4 Regulation (EU) 2019/1156 on facilitating cross-border distribution of collective investment undertakings (the “CBDF Regulation”)?

    Status: Forwarded to EC/Public Consultation/Other

    Additional Information

    Level 1 Regulation
    Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU
    Topic
    AIFMD scope