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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 27 May 2019 - onwards
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Regulation 111 Assessment: general requirements

(1) Where a management company proposes to-

(a) establish a branch in another Member State in accordance with Regulations 27 of the UCITS Regulations, or

(b) under the freedom to provide services, engage in an activity in another Member State in accordance with Regulations 28 of the UCITS Regulations,

the management company shall review its assessment of -

(i) the nature, scale and complexity of its business, and

(ii) the nature and range of services and activities that are undertaken in the course of that business,

in order to determine the impact that establishing a branch or pursuing an activity under the freedom to provide services in accordance with the UCITS Regulations would have on the nature, scale and complexity of its business, and in particular on its organisational structure and resources.

(2) For the purposes of the assessment required by paragraph(1), a management company shall consider the impact which the establishment of a branch or the provision of activities under t

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