The last few years have seen an increased regulatory focus on fees and costs of investment funds. In this context, ESMA announced the launch of a common supervisory action (“CSA”) with national competent authorities (“NCAs”) on the supervision of costs and fees of UCITS across the EU in early January 2021, leading to the Central Bank of Ireland's recent engagement with UCITS managers on this topic. With this increased focus on costs and fees at both a European and national level, it is useful to consider the existing requirements, regulatory expectations and next steps for fund management companies.

To read this advisory authored by Asset Management and Investment Funds partner Jennifer Fox, click below:

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