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+Article 19 3. |
Article 19 3.A management company which pursues the activity of collective portfolio management on a cross-border basis by establishing a branch or in accordance with the freedom to provide services shall comply with the rules of the UCITS home Member State which relate to the constitution and functioning of the UCITS, namely the rules applicable to:
(a)
the setting up and authorisation of the UCITS;
(b)
the issuance and redemption of units and shares;
(c)
investment policies and limits, including the calculation of total exposure and leverage;
(d)
restrictions on borrowing, lending and uncovered sales;
(e)
the valuation of assets and the accounting of the UCITS;
(f)
the calculation of the issue or redemption price, and errors in the calculation of the net asset value and related investor compensation;
(g)
the distribution or reinvestment of the income;
(h)
the disclosure and reporting requirements of the UCITS, including the prospectus, key investor information and periodic reports;
(i)
the arrangements made for marketing;
(j)
the relationship with unit-holders;
(k)
the merging and restructuring of the UCITS;
(l)
the winding-up and liquidation of the UCITS;
(m)
where applicable, the content of the unit-holder register;
(n)
the licensing and supervision fees regarding the UCITS; and
(o)
the exercise of unit-holders’ voting rights and other unit-holders’ rights in relation to points (a) to (m). 1. Overview
1.1 References
1.2 Identified Requirements1.3 Related Standards2. Identified Requirements
3. Related Standards
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