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Version status: Entered into force | Document consolidation status: No known changes
Version date: 1 August 2019 - onwards
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Article 1 Amendments to Directive 2009/65/EC

Directive 2009/65/EC is amended as follows:

(1) in Article 17(8), the following subparagraphs are added:

'Where, pursuant to a change as referred to in the first subparagraph, the management company would no longer comply with this Directive, the competent authorities of the management company's home Member State shall inform the management company within 15 working days of receipt of all the information referred to in the first subparagraph that it is not to implement that change. In that case, the competent authorities of the management company's home Member State shall inform the competent authorities of the management company's host Member State accordingly.

Where a change referred to in the first subparagraph is implemented after information has been transmitted in accordance with the second subparagraph and pursuant to that change the management company no longer complies with this Directive, the competent authorities of the management company's home Member State shall take all a