Simplified Authorization Procedure for Cross-Border Marketing of Swiss Securities Funds and German UCITS

March 24, 2014

At the beginning of this year – to the (pleasant) surprise of market participants – an agreement came into force to implement a simplification in the marketing of Swiss securities funds (Effektenfonds) in Germany, and German UCITS in Switzerland. While agreement had been reached in principle in August 2013, the speed of implementation was unexpected, but welcome. The simplification in the marketing process is achieved by the mutual recognition of both Swiss securities funds and German UCITS as being compliant with the UCITS framework, and by applying the UCITS marketing passport procedure to these fund types.

Please click here to read "Simplified Authorization Procedure for Cross-Border Marketing of Swiss Securities Funds and German UCITS."