Wednesday July 24 2019
News Source: Fund Regulation
Focus: General - Fund Regulation
On 23rd July 2019, the Cross-Border Funds Distribution (CBFD) legislative package consisting of a Regulation and a Directive got published in the Official Journal of the European Union on 12 July 2019.
Member States have until 2 August 2021 to transpose the Directive. The Regulation applies from 1 August 2019 although there are various implementation dates for the different provisions.
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