UCITS IV EN

Simplification of the cross-border notification procedure > A simplified process to register UCITS abroad • By relying on a strong coordination and communication between supervision authorities in the home and host states > A set up enabling a significant reduction in time to market • Maximum 10 working day time period (versus 2 month time period currently) to authorise the marketing of a fund in the host state, upon submission of the registration file to the home state supervision authority

Country A - Home member state

Country B - Host member state

 Submission of the registration file to market the UCITS fund in country B

 Checking of the completeness of the notification file

 Electronic transmission of the file and of an attestation that the fund complies with the directive UCITS IV

Management company

Supervision authority A («pilot » of the process)

Supervision authority B

UCITS

 Notification of the file transmission

The fund can be marketed in country B as soon as the file transmission to the host state regulator has been notified by the home state regulator

Not permitted to request any additional documents or impose any modifications

Minor translation requirements

Ex post checks of the marketing methods of the UCITS

9 > UCITS IV•01/10/09