Fund Distribution Alert 2021-15

On 2 August 2021, a new law will enter into force in Belgium concerning the distribution of foreign funds in the country, transposing the EU Directive 2019/1160 without additional gold-plating. This means that a physical presence for the fulfilment of facilities services in terms of payments and information to investors will no longer be required in Belgium as of 2 August 2021.

The new law amends the previous laws from 3 August 2012 (for UCITS) and from 19 April 2014 (for AIFs).

It is currently only available in French and can be accessed in full here.

On 1 July 2021, the Dutch Act on Financial Supervision has been amended to transpose the requirements from the EU Directive 2019/1160 related to the marketing of foreign UCITS, as well as foreign AIFs in the Netherlands without additional gold-plating.

The updated law is currently only available in Dutch and can be accessed in full here.

For further information on the directive, please consult our fund distribution alert dated 16 July 2019 accessible here.

Please feel free to contact us should you require any additional information.

Partner
+352 22 51 51 7892
said.fihri@kpmg.lu

Director
+352 22 51 51 7271
stephanie.zedda@kpmg.lu