Good Governance. Keeping the Board Informed About UCITS Cross-Border EU Registrations
In the EU domiciles with the most evolved fund governance standards, the board of directors of UCITS management companies plays a pivotal role with regards to UCITS Cross-border EU registrations. The board of directors, in fact, will have a say ex-ante on distribution, to approve any strategy proposed by UCITS promoters, but also ex-post, to make sure that distribution plans, so approved, are implemented correctly.
In this article, we look at the fund governance implications of UCITS Cross-border EU registrations. Also, we will briefly discuss some of the implications that the directive on Cross-Border Distribution of Investment Funds will have on the maintenance of UCITS Cross-border EU registrations. Readers will also be able to claim a free copy of the template for board reporting on UCITS Cross-border EU registration here.