A Danish UCITS covered by Directive 2009/65/EC of the European Parliament and of the Council on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (the UCITS Directive) wishing to carry out marketing in an EU/EEA country must notify the Danish FSA.
The Danish FSA should only be notified of applications regarding UCITS or compartments hereof for marketing. Notifications regarding new share classes of compartments, which are already registered for marketing in the relevant host member state, or information regarding changes to registered information should be forwarded to the supervisory authority of the host member state.
Notification must take place pursuant to the procedure described in Commission Regulation No 584/2010 of 1 July 2010. The host member state where the UCITS wishes to market its units must receive an application (Notification Letter) according to national provisions applicable in the host member state. For a list of websites of the competent authorities, please refer to: http://www.esma.europa.eu
When a Danish UCITS has completed the notification according to the guidelines laid down in the legislation of the host member state, the complete notification must be sent to the Danish FSA, which will forward the notification to the supervisory authority of the host member state. The complete notification must be sent to: finanstilsynet@ftnet.dk
Annex 1 of Commission Regulation No 584/2010 of 1 July 2010 contains a Notification Letter which must be used for notification of marketing in an EU/EEA country. Based on Annex 1 of the Commission Regulation, the Danish FSA has created a Notification Letter which can be used for notification of marketing.
- Download notification letter for Danish investment undertakings abroad (fill-in-the-blanks pdf)
However, if available, it is recommended that a Danish UCITS uses the Notification Letter published by the supervisory authority of the relevant host member state.