New EU rules on the cross-border distribution of funds – implications for non-EU managers

Leonard Ng

From 2 August 2021, a new legislative package on the EU cross-border distribution of funds (CBDF) is required to be implemented in EU member states. This legislative package, taking the form of the CBDF Directive and the CBDF Regulation, follows the European Parliament’s 2019 vote in its plenary session to adopt new rules on the cross-border distribution of collective investment funds.