ESMA Issues Guidance on 'Undue Cost' Requirement for UCITS and AIFs
See our analysis for fund managers of the impact of ESMA's guidance for supervising compliance with the obligation not to charge undue costs to UCITS and AIF investors.

 

On 4 June 2020, ESMA published guidance for regulators supervising compliance with the obligation not to charge undue costs to UCITS and AIF investors.  Although addressed to regulators, managers of UCITS and AIFs should use the guidance to ensure compliance in line with regulatory expectations, thereby avoiding the type of supervisory actions ESMA recommends be taken (e.g. regulatory request for investor compensation, reduction of fees) if undue costs are found to have been charged.

Click here or on the image below to read our full briefing outlining the 'Pricing Process' and what the 'Next Steps' will be.

ESMA_Undue_Cost_Guidance

Contributed by Nessa Joyce


Key Contacts

Patricia Taylor Partner

John Aherne Partner

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