Distribution of units in investment funds or units in foreign funds

modification date 28 September 2018

In the case of sale and redemption of investment fund units or shares of foreign funds, open investment funds based in countries of the EEA and open investment funds based in OECD countries other than the Member State or an EEA by entities other than those specified in Article 32 section 1 of the Act on investment funds authorization is required of the Financial Supervision issued pursuant to Article 32 section 2 of the Act on investment funds.

Documents to be attached to the application for authorization for brokering the sale and redemption of investment fund units or shares of foreign funds have been indicated in Article 32 section 4 of the Act on investment funds, and the procedures and conditions to be followed entities referred to in Article 32 section 2 of the Act on investment funds and technical and organizational conditions of business of the distribution are set out in the Ordinance of the Minister of Finance on the treatment of entities operating in the intermediary in the sale and redemption of units and shares, as well as investment advice in relation to such instruments.


LEGAL BASIS: 
- the Act of 27 May 2004 on Investment Funds (Dz. U. 2014, item 157, as amended)
- Regulation of the Minister of Finance of 16 July 2013 on the treatment of entities operating in the intermediary in the sale and redemption of units and shares, as well as investment advice in relation to such instruments (Dz. U. 2013, item 847).