Ucits Fund Distribution Agreement
2022年5月29日
A UCITS fund distribution agreement is an important document that outlines the terms and conditions of distributing a UCITS (Undertakings for Collective Investment in Transferable Securities) fund to clients. This agreement is a legally binding contract between the fund and the distributor and is based on the UCITS regulations governed by the European Union.
The main objective of a UCITS fund distribution agreement is to ensure that the fund is distributed in compliance with the regulations. The agreement typically covers important aspects such as the responsibilities of the distributor, fees and charges, marketing and advertising guidelines, and confidentiality clauses.
The distributor`s responsibilities are defined in the agreement, which includes distributing the UCITS fund to clients according to the regulations, maintaining accurate records, and reporting to the fund on a regular basis. The distributor may also have to ensure that the marketing and advertising materials are in compliance with the UCITS regulations and that the confidentiality of the fund is maintained.
The fees and charges are also an important aspect of the UCITS fund distribution agreement. The agreement typically outlines the fees and charges that the distributor will receive for distributing the fund. The fees can be based on different methods, such as a percentage of the assets under management or a fixed fee. The agreement may also outline any additional expenses that the distributor may incur and the conditions under which these expenses will be reimbursed.
Marketing and advertising guidelines are also an important aspect of the UCITS fund distribution agreement. The agreement may outline the guidelines that the distributor must follow when marketing and advertising the fund, which includes disclosing the risks involved and ensuring that the marketing materials are not misleading or deceptive.
Confidentiality clauses are also included in the agreement to protect the interests of both parties. The agreement may include a clause that prohibits the distributor from disclosing any confidential information about the fund to any third party without the prior consent of the fund.
In conclusion, a UCITS fund distribution agreement is an important legal document that outlines the terms and conditions of distributing a UCITS fund to clients. The agreement covers important aspects such as the responsibilities of the distributor, fees and charges, marketing and advertising guidelines, and confidentiality clauses. It is important for both the fund and the distributor to ensure that the agreement is in compliance with the UCITS regulations to avoid any legal implications.