Passporting of UCITS
A common tool used by UCITS to widen the activities which they are allowed to undertake is passporting.
Passporting of UCITS funds is about the offer of units within a Collective Investment Scheme for subscription throughout the EU and also EEA states. This right is not universal to all fund typologies. In effect, in the case of Malta-based UCITS funds, such rights are a given.
The UCITS V Directive caters for a written notification of the intention to market the units of a Malta UCITS fund in another EU member state (or an EEA State) to the MFSA, the financial regulator in Malta. Such a written communication needs to take place prior to any commencement of marketing of the units.
BOV Fund Services may assist you in your passporting requirements. In fact, BOV Fund Services may assist you in the regulatory procedures leading to a marketing passport. We will help you prepare the necessary notification letter, attestations, prospectuses, reports and all the other documents required. Gaining a marketing passport and actively marketing your UCITS funds will undoubtedly aid you in achieving the desired growth of your fund structures.