ESMA_QA_2429

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/2429

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Regulatory Context

Regulation : UCITS

Level 1 Regulation: Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Cross-border distribution of funds

Subject Matter: Premarketing of units or shares of AIFs

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Question

Submission Date: 04 February 2025

Article 32a, paragraph 3, third sub-paragraph of Directive (EU) 2011/61/EU (as modified by CBDF Directive) states the following: ”(…) For a period of 36 months from the date referred to in point (c) of the first subparagraph of paragraph 1, the AIFM shall not engage in pre-marketing of units or shares of the EU AIFs referred to in the notification, or in respect of similar investment strategies or investment ideas, in the Member State identified in the notification referred to in paragraph 2.” How should “similar investment strategies or investment ideas” be interpreted?

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ESMA Answer

Answer Date: 04-02-2025

No answer has been published yet for this question.

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This document was automatically extracted from the ESMA EMIR Q&A database.