Supervision of costs in UCITS and AIFs

On 4 June 2020, ESMA published a supervisory briefing aimed at promoting convergence on the supervision of costs in UCITS and AIFs across the EU.

The briefing provides details for managers of UCITS and AIFs on what constitutes compliant implementation of UCITS and AIFMD cost provisions including ESMA's expectations regarding the manager's pricing process and its content.

Our advisory provides a summary of the key issues set out in the briefing.

 

Click to view advisory