Application for marketing permission: Marketing of units of non-UCITS funds in Finland  

Marketing in Finland of units of collective investment undertakings not falling within the scope of the UCITS Directive (2009/65/EC) – non-UCITS

Foreign collective investment undertakings, including both non-UCITS funds authorised to operate in a state belonging to the European Economic Area and collective investment undertakings authorised to operate in a state outside the European Economic Area, are categorised as non-UCITS (funds established on the basis of national legislation, which do not fulfil the requirements of the UCITS Directive).

The Financial Supervision Authority grants, on application, permission to market to the public units in collective investment undertakings other than those fulfilling the requirements of the UCITS Directive (2009/65/EC) (non-UCITS).  However, marketing permission is not required if the collective investment undertaking markets its units exclusively to professional investors.

Statement 3/2011 of the Financial Supervisory Authority on the marketing in Finland of units of non-UCITS funds and collective investment undertakings (non-UCITS) provides instructions for filing an application for marketing permission for a non-UCITS fund.

1 July 2011