4 Amendments of Harald ETTL related to 2008/0153(COD)
Amendment 163 #
Proposal for a directive
Article 15 - paragraph 2 a (new)
Article 15 - paragraph 2 a (new)
2a. If the management company of a common fund is not established in the UCITS home Member State, it should appoint a depositary or a financial institution subject to prudential supervision established in that State, including through a branch, to act as a local point of contact for investors and the competent authority of the UCITS home Member State .
Amendment 164 #
Proposal for a directive
Article 15 - paragraph 2 b (new)
Article 15 - paragraph 2 b (new)
2b. The local point of contact should perform the following functions: (a) provide a contact point for unit- holders, including receipt of complaints; (b) provide a legal address for receipt of all documents addressed to the UCITS and the management company by investors and by the competent authority of UCITS home Member State; (c) provide facilities to the unit-holders in relation to the exercise of their rights, including facilities in relation to payments to unit-holders and to the reception and transmission of orders for subscriptions, issuance and redemption of units; (d) make information available at the request of the public or the competent authority of the UCITS home Member State.
Amendment 165 #
Proposal for a directive
Article 15 - paragraph 2 c (new)
Article 15 - paragraph 2 c (new)
2c. The appointment of the local point of contact in no case shall not affect the management company’s and the depositary’s liability.
Amendment 358 #
Proposal for a directive
Article 103 – paragraph 5 a (new)
Article 103 – paragraph 5 a (new)
5a. The Commission may adopt implementing measures specifying the modalities for the service of documents by the UCITS home Member State authority in the home Member State of the management company. Those measures, designed to amend non- essential elements of this Directive by supplementing it, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article 107(2).