If a UCITS proposes to market its units in a Member State other than that in which it is situated, it must first inform the competent authorities and the authorities of that other Member State accordingly. It must simultaneously send the latter authorities:
-anan attestation by the competent authorities to the effect that it fulfils the conditions imposed by this Directive,
-itsits fund rules or its instruments of incorporation,
-itsits prospectus,full and simplified prospectuses,
-wherewhere appropriate, its latest annual report and any subsequent half-yearly reportreport, and -details of the arrangements made for the marketing of its units in that other Member State.
details of the arrangements made of the marketing of its units in that other Member State.
AAn UCITSinvestment company or a management company may begin to market its units in that other Member State two months after such communicationcommunication, unless the authorities of the Member StateStates concerned establish, in a reasoned decision taken before the expiry of that period of two months, that the arrangements made for the marketing of units do not comply with the provisions referred to in ArticlesArticle 44 (1)44(1) and Article 45.