ESMA updates UCITS Q&As
Published By Europa [English], Tue, Mar 30, 2021 3:13 AM
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today updated its Questions and Answers on the application of the Undertakings for Collective Investment in Transferable Securities Directive (UCITS Directive).
ESMA has added two new QAs on the ESMA’s guidelines on performance fees in UCITS and certain types of AIFs (“the guidelines”).
The QAs provides clarification on the crystallisation of the performance fees and on the timeline of the application of the performance reference period.
The purpose of this QA document is to promote common supervisory approaches and practices in the application of the guidelines.
Press release distributed by Media Pigeon on behalf of Europa, on Mar 30, 2021. For more information subscribe and follow