EUROPEAN UNION: Guidelines on Sound Remuneration Policies under UCITS

Thursday October 5 2017

The European Securities and Markets Authority (ESMA) has published guidelines on sound remuneration policies under the UCITS.

Article 16(3) of Regulation (EU) No 1095/2010 (the ESMA Regulation) requires national competent authorities to inform ESMA whether they comply or intend to comply with each Guideline or recommendation they issue. If a competent authority does not comply or does not intend to comply it must inform ESMA of the reasons.

The majority of Member States listed fall under the “complies” or “intends to comply” bracket. Denmark is the only Member State which does not intend to comply.

Click on the link above for further information.