Summary of the marketing requirements for CIS - SERVICES FOR SUPERVISED SUBJECTS
Summary of the marketing requirements for UCITS
In order to market in Italy EU UCITS, the notification procedure envisaged by article 19-bis of CONSOB Issuers' Regulation shall be carried out. Furthermore in case of both Italian and EU UCITS marketed in Italy to retail investors, before starting marketing activity, the offering documents (prospectus and KIID) shall be filed with CONSOB through DEPROF system.
In case of advertisement campaign targeted to retail investors the documentation relating such campaign shall be transmitted to CONSOB at the time of advertising (article 101 of Italian Financial Consolidated Act (TUF) and article 34-octies of CONSOB Issuers' Regulation).
Summary of the marketing requirements for AIFs
The marketing of AIFs in Italy is regulated by the article 43 of Italian Financial Consolidated Act (TUF) in case of reserved AIFs (AIFs marketed to professional investors and other investors identified by article 14 of DM no. 30/2015) and the article 44 of TUF in case of AIFs marketed to retail investors; both provisions are further detailed in articles 27-28-novies and article 34-bis.2 of CONSOB Issuers Regulation (IR).
In case of advertisement campaign targeted to retail investors the documentation relating such campaign shall be transmitted to CONSOB at the time of advertising (article 101 of Italian Financial Consolidated Act (TUF) and article 34-octies of CONSOB Issuers' Regulation).
