ESMA News

ESMA publishes guidance on performance fees in UCITS and certain AIFs

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published today its final guidance on performance fees in investment funds – applicable to Undertakings for the Collective Investment in Transferable Securities (UCITS) and certain types of Alternative Investment Funds (AIFs). The guidelines provide comprehensive guidance to fund managers when designing performance […]

ESMA News

ESMA Updates Its Public Statement of Consultation Practices

The aim of consultation is to build consensus where possible between all interested and affected parties on what legislation or regulatory action is appropriate and to improve ESMA’s decision-making process. The statement summarises ESMA’s consultation practices, most of which have already been in place since before the amendment of the ESMA Regulation. The key elements […]

ESMA News

ESMA publishes 24th extract from its EECS database

The extract includes eight decisions taken by European enforcers in the period between May 2018 and October 2019. The decisions cover a number of topics, including identification of performance obligations, liquidity risk of notes with an early redemption option and deferred tax assets related to a change in accounting policy due to first application of […]