Friday May 25 2018

News Source: Fund Regulation

Focus: UCITS

Type: General

Country: European Union




On 25th May 2018, the European Securities and Markets Authority (ESMA) updated its Questions and Answers on the application of the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS).

The Q&A document includes one new question and answer on:

  • the application of remuneration disclosure requirements to staff of the delegate of an UCITS management company to whom investment management functions have been delegated.

The purpose of the Q&A document is to promote common supervisory approaches and practices in the application of the UCITS Directive and its implementing measures.

ESMA will periodically review the Q&A document and update it where required.