UCITS asset management companies and Alternative Investment Fund Managers (AIFMs) may provide services in another Member State under the freedom to provide services or through a branch. The authorisation to provide management services on a cross-border basis in Member States arises following a notification procedure by the financial market authority and is also known as European passporting. Furthermore there is also additionally the possibility, once a notification has been made, to also sell individual fund-based products on a cross-border basis.
German: EU-Pass für Verwaltungs-gesellschaften (316)
Source: FMA AT m. e. E., 30.10.2018