Jan 21, 2011 19:00
13 yrs ago
English term

UCITS passport-procedure

English to German Bus/Financial Investment / Securities Investmentfonds
The Fund has been registered with the Netherlands Authority for the Financial Markets following the ***UCITS passport-procedure*** pursuant to section 2:72 of the Dutch Financial Supervision Act.

Geht es hier um eine nationale Durchführungsbestimmung, die sich auf den EU-Pass für Fonds bezieht? (Wobei ich dachte, dass dieser Pass erst in ein paar Jahren eingeführt werden soll). Oder geht es um eine rein nationale Vorschrift, die nichts mit dem EU-Pass zu tun hat?

Hier meine vorläufige (aber sehr wacklige) Lösung:

Der Fonds wurde von der niederländischen Finanzmarktaufsicht zugelassen und hat den EU-Pass gemäß Abschnitt 2:72 des niederländischen Finanzmarktaufsichtsgesetzes erhalten.

Proposed translations

2 hrs
Selected

EU-Pass-Verfahren für Verwaltungsgesellschaften

Ist zwar noch kein "eingebürgerter" Begriff, doch ich denke so könnte man es nennen. Eventuell in Klammer hinten dazu (lt. OGAW-Richtlinie IV).
Google mal "OGAW IV Pass"

HDH
Helga

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Note added at 2 Stunden (2011-01-21 21:10:20 GMT)
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Ich habe hier http://docs.google.com/viewer?a=v&q=cache:IdRnHbU-XMoJ:www.p...
ein Dokument meines ehemaligen Brötchengebers (PwC) gefunden. OGAW IV wurde am 22. Juni 2009 verabschiedet. Somit könnte gut sein, dass es bereits in nationales NL-Recht integriert wurde.
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4 KudoZ points awarded for this answer. Comment: "Danke, Helga! Ich war etwas in Eile und hab es letztlich so übersetzt: "Der Fonds wurde von der niederländischen Finanzmarktaufsicht zugelassen und hat den EU-Pass gemäß Abschnitt 2:72 des niederländischen Finanzmarktaufsichtsgesetzes erhalten." (Ich hab es aber vorsichtshalber für den Kunden markiert)."

Reference comments

21 mins
Reference:

http://webcache.googleusercontent.com/search?q=cache:_kB5ya-...

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Note added at 21 mins (2011-01-21 19:22:21 GMT)
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1. UCITS Passport

The current UCITS regime provides for a procedure pursuant to which a UCITS is required to notify in advance the regulator in the relevant EU member state in which it intends to market its shares. This is referred to as the UCITS Passport. This process is supposed to be subject to a two month time limit. In practice it can take slightly longer in a number of EU member states. In 2006 CESR issued non-binding guidelines to simplify the process and seeking to have all EU member states process passport notifications in as short a period as possible. This has helped to simplify the process thereby reducing the costs incurred and the time of getting to the relevant market. However, under UCITS IV, the process will be further simplified. A UCITS will no longer have to deal with the regulator of the EU member state into which it intends to market its shares. Instead, it will notify its own regulator who will make the formal notification to the regulator in the other relevant EU member state within 10 days. The UCITS may commence marketing its shares in the other EU member state with effect from the date on which its regulator notifies the other regulator. This should be a far more efficient passport procedure.

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Note added at 22 mins (2011-01-21 19:22:57 GMT)
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UCITS (Undertaking for Investment in Transferable Securities) is the European harmonized fund product which can be sold on a cross boarder basis within the European Union ("EU") based on its authorization in one EU member state. Ireland was one of the first EU member states to transpose the first EU UCITS Directive into Irish law when it did so in 1989. Ireland is now one of the leading domiciles for UCITS funds which are frequently promoted by US asset manager and marketed not just in Europe but globally.

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Note added at 23 mins (2011-01-21 19:23:49 GMT)
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Undertakings for Collective Investment in Transferable Securities
- [ Translate this page ]
24. März 2005 ... UCITS (Undertakings for Collective Investment in Transferable Securities) ist eine EU-Direktive, die festgelegt hat, unter welchen ...
www.proz.com › ... › English to German › Finance (general) - Cached

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Note added at 26 mins (2011-01-21 19:27:12 GMT)
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Undertakings for Collective Investment in Transferable Securities
European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003
(UCITS) regulations.

Mousey
KudoZ activity
Questions: 17 (none open)
Answers: 0

Local time: 21:30
German translation:Organismen für gemeinsame Anlagen in Wertpapieren
Note from asker:
Vielen Dank, Liz!
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