Cross-Border Distribution of UCITS

CHAPTER I

SUBJECT MATTER, SCOPE AND DEFINITIONS

Articles 1 to 4

CHAPTER II

AUTHORISATION OF UCITS

Article 5

CHAPTER III

OBLIGATIONS REGARDING MANAGEMENT COMPANIES

SECTION 1

Conditions for taking up business

Articles 6 to 8

SECTION 2

Relations with third countries

Article 9

SECTION 3

Operating conditions

Articles 10 to 15

SECTION 4

Freedom of establishment and freedom to provide services

Articles 16 to 21

CHAPTER IV

OBLIGATIONS REGARDING THE DEPOSITARY

Articles 22 to 26

CHAPTER V

OBLIGATIONS REGARDING INVESTMENT COMPANIES

SECTION 1

Conditions for taking up business

Articles 27 to 29

SECTION 2

Operating conditions

Articles 30 and 31

SECTION 3

Obligations regarding the depositary

Articles 32 to 36

CHAPTER VI

MERGERS OF UCITS

SECTION 1

Principle, authorisation and approval

Articles 37 to 40

SECTION 2

Third party control, information of unit-holders and other rights of unit-holders

Articles 41 to 45

SECTION 3

Costs and entry into effect

Articles 46 to 48

CHAPTER VII

OBLIGATIONS CONCERNING THE INVESTMENT POLICIES OF UCITS

Articles 49 to 57

CHAPTER VIII

MASTER-FEEDER STRUCTURES

SECTION 1

Scope and approval

Articles 58 and 59

SECTION 2

Common provisions for feeder UCITS and master UCITS

Article 60

SECTION 3

Depositaries and auditors

Articles 61 and 62

SECTION 4

Compulsory information and marketing communications by the feeder UCITS

Article 63

SECTION 5

Conversion of existing UCITS into feeder UCITS and change of master UCITS

Article 64

SECTION 6

Obligations and competent authorities

Articles 65 to 67

CHAPTER IX

OBLIGATIONS CONCERNING INFORMATION TO BE PROVIDED TO INVESTORS

SECTION 1

Publication of a prospectus and periodical reports

Articles 68 to 75

SECTION 2

Publication of other information

Articles 76 and 77

SECTION 3

Key investor information

Articles 78 to 82

CHAPTER X

GENERAL OBLIGATIONS OF UCITS

Articles 83 to 90

CHAPTER XI

SPECIAL PROVISIONS APPLICABLE TO UCITS WHICH MARKET THEIR UNITS IN MEMBER STATES OTHER THAN THOSE IN WHICH THEY ARE ESTABLISHED PROVISIONS CONCERNING THE AUTHORITIES RESPONSIBLE FOR AUTHORISATION AND SUPERVISION

Articles 91 to 96

CHAPTER XII

Articles 97 to 110

CHAPTER XIII

EUROPEAN SECURITIES COMMITTEE

Articles 111 and 112

CHAPTER XIV

DEROGATIONS, TRANSITIONAL AND FINAL PROVISIONS

SECTION 1

Derogations

Articles 113 and 114

SECTION 2

Transitional and final provisions

Articles 115 to 119

ANNEX I

Schedules A and B

ANNEX II

Functions included in the activity of collective portfolio management

ANNEX III Part A

Repealed Directive with list of its successive amendments

Part B

List of time limits for transposition into national law and application

ANNEX IV

Correlation table

| Cross-border distribution of UCITS - May 2011 | Appendix

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