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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
31/03/2016 UCITS RF UCITS Infringement reporting form template Reference DOCX
51.1 KB
28/09/2015 2015/1468 Trading venue briefing , Reference PDF
304.63 KB
22/12/2020 ESMA34-47-352 ToR OWG IMSC Reference PDF
101.55 KB
04/04/2016 2016/223 ToR IMSC Reference
06/11/2017 ESMA50-165-422 The impact of charges on mutual fund returns- correction , , Reference PDF
590.09 KB

ERRATUM - In the original version of this document published on 19 October 2017 in table V.3 on page 4, the values in the last four rows of column five were accidentally misreported. For this reason, ESMA now provides a corrected version, including the corrected values and a footnote pointing to the initial mistake.

ESMA carried out a first analysis on fund performance measures, developing initial metrics to analyse the impact of ongoing fees, one-off charges and inflation on the returns of mutual funds. Key preliminary results for the EU fund industry show: Substantial reduction in net returns available to investors, especially in the retail sector and weakly cost- or price-sensitive investment decisions by retail investors

On average ongoing fees and one-off charges and inflation-reduced returns available to investors by 29% of gross returns between 2013 and 2015. These reductions apply to all market segments, while varying across jurisdictions, asset classes and client types. Relative return reductions range from 11% for passive equity fund shares to 44% for retail fund shares in bond mutual funds. Relative and absolute return reductions for actively managed and retail fund shares tend to exceed those of passively managed and institutional fund shares. Despite the impact of fees and charges on the net outcome to investors, these do not seem to be reflected in investor choices.

23/05/2022 ESMA50-165-2146 The drivers of the costs and performance of ESG funds , Reference PDF
532.34 KB
17/11/2017 ESMA34-49-103 Technical advice, draft implementing technical standards and guidelines under the MMF Regulation Final Report PDF
989.54 KB
15/11/2013 2013/1360 Tables 8-9-10 of Annex 2 of ESMA guidelines on AIFMD reporting obligation (revised) Reference XLSX
310.05 KB
Questions regarding technical support should be sent to info.it.aifmd[at]esma.europa.eu.
31/05/2022 ESMA34-45-1427 Supervisory briefing- Sustainability risks and disclosures in the area of investment management , Reference PDF
312.39 KB
29/11/2013 2013/998 SL Smernice o vzorcu memoranduma glede posvetovanja, sodelovanja in izmenjave informacij v zvezi z nadzorom subjektov iz direktive UAIS , Reference PDF
246.77 KB
04/03/2020 BoA/2019/04 Rules of Procedure for the Board of Appeal Reference PDF
409.88 KB
29/11/2013 2013/998 DA Retningslinjer for modellen til aftalememorandum om høring, samarbejde og informationsudveksling vedrørende tilsyn med AIFMD-enheder , Reference PDF
241.03 KB
05/02/2019 ESMA34-39-795 Response from to consultation on liquidity stress tests Reference DOCX
773.16 KB
09/11/2020 ESMA34-45-926 response form Response form- draft guidelines on marketing communications Reference DOCX
24.06 KB
31/03/2020 ESMA34-45-893 Response form- Consultation on ITS on cross-border distribution of funds Reference DOCX
748.27 KB
27/03/2020 ESMA34-32-535 Response form- Consultation on guidelines on art 25 AIFMD Reference DOCX
748.46 KB
17/05/2022 ESMA34-45-1663 Response Form to the Consultation Paper on technical standards on the notifications for cross-border marketing and cross-border management of AIFs and UCITS Reference DOCX
759.83 KB
31/07/2015 2015/1241 Response form to CP on the ELTIF Regulation Reference DOCX
785.75 KB
Please use this document to respond to the Consultation Paper on draft regulatory technical standards under the ELTIF Regulation
13/04/2021 ESMA34-49-309 response form Response form to CP on MMFR review Reference DOCX
773.2 KB
16/10/2019 ESMA30-201-535 Response form to consultation on amended PRIIPs KID , Reference DOCX
576.23 KB

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