Article 12 Routine exchange of information
1. The competent authorities of the UCITS home Member State shall immediately inform the competent authorities of the UCITS host Member States and, where the UCITS is managed by a management company situated in a Member State other than the UCITS home Member State, the competent authorities of the management company's home Member State of:
(a) any decision to withdraw the authorisation for a UCITS;
(b) any decision imposed upon a UCITS regarding the suspension of the issue, re-purchase or redemption of its units;
(c) any other serious measure taken against a UCITS.
2. Where a UCITS is managed by a management company situated in a Member State other than the UCITS home Member State, the competent authorities of the management company's home Member State shall immediately notify the competent authorities of the UCITS home Member State that the ability of a management company to properly perform its duties with respect to the UCITS it manages may be materially adversely affected or that the management company does not fulfil the requirements set out in Chapter III of Directive 2009/65/EC.