The Cross Border Distribution of Funds Rules (CBDF Rules) are composed of two legislative texts and are meant at the regulation of cross border marketing and distribution of collective investment schemes within he EU.
A key aspect is the application of the regulation to EU AIFMs. By default, non-EU AIFMs will be able to continue to rely on the National Private Placement Regime or reverse solicitation already in existence. This new regulatory framework will come into effect on 2 August 2021.
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