Version in force , Deferred +5 −5§
Amended by Regulation (EU) 2021/2259 32021R2259 on EUR-Lex (external, EUR-Lex)
dates added to the text: 2022-12-31 · dates removed: 2021-12-31
Explanation, written by a model and checked against the cited text
The date marking the end of the exemption for management companies, investment companies, and persons advising on or selling UCITS units in paragraph 1 changed from 31 December 2021 to 31 December 2022.
Paragraph 2, which extends that exemption to non-UCITS funds offered to retail investors under certain Member State rules, remains textually unchanged.
Cited: Art. 32, v1 (external, EUR-Lex) · Art. 32, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 1 August 2019 02014R1286-20190801 → this version, in force 21 December 2021 02014R1286-20211221
Article 32
1. Management companies as defined in Article 2(1)(b) of Directive 2009/65/EC, investment companies as referred to in Article 27 thereof and persons advising on, or selling, units of UCITS as referred to in Article 1(2) thereof shall be exempt from the obligations under this Regulation until 31 December 2021. 2022.
2. When a Member State applies rules on the format and content of the key information document, as laid down in Articles 78 to 81 of Directive 2009/65/EC, to non-UCITS funds offered to retail investors, the exemption laid down in paragraph 1 of this Article shall apply to management companies, investment companies and persons advising on, or selling, units of such funds to retail investors.