Luxembourg:
ESMA Report On UCITS Costs And Fees
02 September 2022
ELVINGER HOSS PRUSSEN, société anonyme
To print this article, all you need is to be registered or login on Mondaq.com.
On 31 May 2022, ESMA published its report on the Common Supervisory Action
("CSA") on costs and fees of UCITS
that was carried out with national competent authorities
("NCAs") (including the CSSF) in
2021.
This report sets out ESMA's analysis and conclusions on the
CSA and presents ESMA's views on the various findings,
including on the process of the setting and the reviewing of fees,
the notion of undue costs, the issues stemming from related party
transactions and EPM techniques, as well as the follow-up actions
envisaged by NCAs and the main lessons learnt.
This report is therefore important not only for NCAs but also
for the funds and their managers.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from Luxembourg
Contemporary Trends In Corporate Banking
Elias Neocleous & Co LLC
With the ever-evolving global financial landscape, the rapid pace of technological advancements and high customer expectations, the future of corporate banking is set to undergo...
Cayman Islands Investment Funds Update Q1 2024
Carey Olsen
Our investment funds team outline the latest developments within the investment funds market in the Cayman Islands including the removal of the jurisdiction from the Financial Action Task Force...
Trading Standards: Application To Your Business
Appleby
The Trading Standards (Fair Trading) (Guernsey) Ordinance, 20231 (Ordinance) came into force last October and created a new statutory framework for consumer protection and fair trading in Guernsey.