Zeidler expands GKH with Hungary and UK updates

July 1, 2025

As fund managers continue to navigate shifting regulations, the need for clear, up-to-date insights has never been more critical. To support firms looking to grow across borders, Zeidler has expanded its Global Knowledge Hub (GKH) with new updates, providing clarity on fund distribution in Hungary and the UK.

Hungary is emerging as a market of interest for managers seeking growth in Central Europe. Under Article 32 of the AIFMD, European alternative investment funds (AIFs) can market to professional investors throughout the EU, but local procedures can present challenges.

Recent guidance has clarified the process for passporting AIFs into Hungary, outlining the structure of notification packages and the specific expectations of the Hungarian central bank, it said. While Hungary’s requirements align with broader EU standards, there are local preferences and timelines that managers need to consider.

Meanwhile, the UK’s regulatory environment continues to evolve following Brexit, with managers transitioning from the Temporary Marketing Permissions Regime (TMPR) to the Overseas Fund Regime (OFR). A key concern during this transition has been the notification process for new share classes, particularly during the “landing slot” period when managers handle multiple classes under a single fund umbrella.

The Financial Conduct Authority (FCA) has issued updated guidance, providing clarity on how firms should approach these notifications under the OFR framework.

These updates are not merely procedural; they form part of a broader narrative about how post-Brexit fund distribution is taking shape and how managers can stay agile amid regulatory changes.

Zeidler’s Global Knowledge Hub was created to address precisely this need. The platform provides practical, jurisdiction-specific guidance on UCITS and AIF registration, marketing, and compliance, covering more than 80 jurisdictions worldwide. It simplifies the complexities of cross-border distribution by offering guidance on pre-marketing, private placement, and reverse solicitation rules, along with clear registration and compliance requirements.

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