The Cross Border Distribution of Funds (CBDF) regime introduced major changes to the marketing of funds in Europe. These changes aim to reduce the regulatory barriers associated with selling and distributing investment funds across different jurisdictions in Europe.
For Fund Managers, one of the key, and perhaps most beneficial changes, was the removal of the need for UCITS funds to have a physical presence in the host Member State for the purpose of making facilities available to local investors.
Although Fund Managers can benefit from the removal of a physical presence, the CBDF still imposes a number of stringent requirements that must be met regarding marketing communications and the publication of regulatory information. Therefore, the need to comply with CBDF, and transition from the traditional paying agent structure can present a number of challenges for fund managers including the lack of CBDF information readily available and necessary processes in place for efficient cross-border distribution.
FE fundinfo builds on over 15 years of experience delivering facilities services in the UK, with in-depth knowledge and understanding of CBDF requirements. Our European Facilities Service removes the “agent” confusion and effort involved in complying with EU legislation, all through a single solution.
How we can help
Speed to market
Due diligence across multiple jurisdictions takes time and effort. We remove the administrative burden that arises with KYC/AML checks and the repeated signing of agreements and contracts.
By working with a single provider across all jurisdictions and removing the reliance on the current paying agent infrastructure, our service will reduce the costs of cross-border distribution.
European Facilities Service - Our Capabilities
We will handle all communications from investors and regulators in each jurisdiction. All enquiries will be acknowledged and actioned in accordance with the fund manager’s requirements and in their respective EU language. Fund Managers also have the benefit of leveraging our proven solution for producing, storing and distributing compliant fund data and documents via our extensive dissemination network.
A single solution
Increase operational efficiencies and streamline your cross-border distribution process by outsourcing to a provider that can undertake the requirements of the CBDF in a single solution.
Experience and knowledge
Take advantage of our expert understanding of the requirements of the CBDF Directives. Our European Facilities service builds on 15 years’ experience of offering a facilities service in the UK.
Insights from FE fundinfo
The EU Directive 2019/1160, better known as: “the EU cross-border distribution of collective investment undertakings legislative package” comes into effect 2 August 2021. Find out how it affects UCITS and Alternative Investment Funds (AIFs) in different jurisdictions across Europe.
The EET was developed to help with the data provision for the SFDR, which was due to kick in fully on 1 July this year, just ahead of the changes to MiFID II. But now that the level 2 rules for SFDR won’t take effect until 1 January 2023, the order has been reversed and the new MiFID requirements will come in first.
Globalised fund registration and maintenance.
Our specialised consultancy and project management service helps remove the administrative burden of obtaining authorisation and distributing your funds in other jurisdictions.
Reach fund selectors and investors worldwide. Connect with fund selectors, distribute your content and build your pipeline.
ESG Investment Reporting
Meet international ESG reporting and disclosure requirements with our tailor-made solution. We provide a full service of analyzing your investment portfolio. So you have access to an individual and cost-efficient solution to measure and benchmark the ESG performance of your investments and to reveal hidden ESG-related investment risks.
SFDR Fund Reporting
Comply with the new ESG rules on transparency, disclosure, internal policies and reports with our SFDR reporting module. We help you to produce timely and accurate documents, and to minimise compliance risks. The SFDR and Taxonomy Reports will be updated on a monthly basis to meet new regulatory requirements or to include better and more reliable underlying data.