On 29 January 2010, the Committee of European Securities Regulators (CESR) published a report which set out the results of a peer review of how CESR members apply its guidelines to simplify the notification procedures for UCITS.

The peer review found that five CESR members could be considered as fully applying the CESR guidelines (Belgium, Bulgaria, Italy, Luxembourg and Norway) and four further members could be considered as partially applying the CESR guidelines (Hungary, Portugal, Romania and Sweden). Countries were considered as being ‘non-applicants of the guidelines’ when any of the key guidelines were not fully complied with. This was the case for the remaining CESR members.

View Peer review of the implementation of CESR’s guidelines to simplify the notification procedure of UCITS, 29 January 2010