Slovenia

1. EEA UCITS Schemes

The notification procedure for marketing of units of UCITS established in another Member State in Slovenia is regulated by the Investment Funds and Management Companies Act (Zakon o investicijskih skladih in družbah za upravljanje, Official Gazette of the Republic of Slovenia no. 31 / 15, 81 / 15 and 77 / 16, “ZISDU-3”) and Decision on the Terms and Conditions for Marketing of Investment Fund units (Sklep o načinu in pogojih za trženje enot investicijskih skladov, Official Gazette of the Republic of Slovenia no. 100 / 2015).

In December 2016 the ZISDU-3 was updated to incorporate provisions of the Directive 2014 / 91 / EU on UCITS. Therefore, no legislative changes regarding passporting are expected in near future.

The notification letter

In order to start marketing units of EEA UCITS Schemes in Slovenia, the EEA Management Company must make a formal notification by submitting the notification letter which must be prepared in accordance with the standard model (using the form of notification letter provided in Commission Regulation 584 / 2010 and submitted in electronic form).

Part A and C of the model notification letter contain no special provisions specific to Slovenia. Part B, however, requires the EEA Management Company to provide some additional information as specified in Guidance Notice on marketing of units of UCITS in Slovenia prepared by the Slovenian Securities Market Agency (Agencija za trg vrednostnih papirjev, “ATVP”).

All the documents attached to the notification letter can be submitted either in Slovenian or English except for the KIID, which must be translated into Slovene.

The EEA Management Company of a member state may begin with the marketing of UCITS units in Slovenia as of the date when the EEA Management Company is notified that the supervisory authority of the management company’s Member State has submitted notification documentation to ATVP.
The EEA Management Company must inform the ATVP on any amendments to the documents provided in the original notification without undue delay. Amendment notices may be submitted in either Slovenian or English, except for the KIID, which must be translated into Slovenian.

Requirements for marketing

The EEA Management Company must appoint a paying agent in Slovenia.

To market an EEA UCITS Scheme in Slovenia, the EEA Management Company has to publish the issue and redemption prices of the units as well as other information regarding the EEA UCITS Scheme which are required to be published in the relevant home Member State in the daily newspaper(s) sold in Slovenia and other electronic media aimed at investors. Information must be published in Slovenian or English.

The EEA Management Company must prepare a prospectus for marketing to the public in the Republic of Slovenia in accordance with national law and must also comply with the client conduct rules and proper practice requirements, as well as disclosure requirements in the national legislation.

2. Fees

ATVP charges a fee for the notification procedure that amounts to EUR 210 per fund or compartment notified in the procedure. There is no fee for the notification of changes to previously notified funds. In addition, the EEA Management Company must pay an annual fee of EUR 840 per single UCITS, or a compartment of UCITS structured as an umbrella fund to the SMA for supervising compliance with the rules regarding marketing and sale of units of UCITS in the Republic of Slovenia. The fee is payable in one single amount for any given year.