FIN.

ESMA consults on harmonisation of performance fees under UCITS Directive

ESMA has published draft guidelines addressing the way in which performance fees can be charged to a UCITS and its investors.

The areas covered by the draft guidelines include the circumstances in which a performance fee should be payable and the disclosure of the performance fee model.

Comments are requested by 31 October 2019, and ESMA expects to finalise the guidelines after Q4 2019.

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Roseyna Jahangir