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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 112 Assessment: governance issues

(1) A management company that is managing a UCITS that is authorised in another Member State shall have in place, and utilise, resources to develop awareness by the management company of the manner in which the competent authority of the home state of the relevant UCITS operates, both in terms of the UCITS authorisation process and ongoing supervision.

(2) A management company that is managing a UCITS that is authorised in another Member State shall include in the programme of operations that it submits to the Bank -

(a) the identity of the employee of the management company, or designated persons, who has expertise concerning the regulatory requirements applicable in the home state of the relevant UCITS,

(b) a description of how the management company will monitor compliance with regulatory requirements that are applicable in the home state of the relevant UCITS on a day-to-day basis,

(c) where a UCITS is an investment company, the resources that the management company is putting in p

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