CONSULTATION ON PERFORMANCE FEES GUIDELINES IN UCITS

CONSULTATION ON PERFORMANCE FEES GUIDELINES IN UCITS

from 16 July 2019 to 31 October 2019

Details

Responding to this paper

ESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex I. Comments are most helpful if they:

  • respond to the question stated;
  • indicate the specific question to which the comment relates;
  • contain a clear rationale; and
  • describe any alternatives ESMA should consider.

ESMA will consider all comments received by 31/10/2019.

All contributions should be submitted online at www.esma.europa.eu under the heading ‘Your input - Consultations’.

Publication of responses

All contributions received will be published following the close of the consultation, unless you request otherwise.  Please clearly and prominently indicate in your submission any part you do not wish to be publicly disclosed. A standard confidentiality statement in an email message will not be treated as a request for non-disclosure. A confidential response may be requested from us in accordance with ESMA’s rules on access to documents. We may consult you if we receive such a request. Any decision we make not to disclose the response is reviewable by ESMA’s Board of Appeal and the European Ombudsman.

Data protection

Information on data protection can be found at www.esma.europa.eu under the heading Legal Notice.

Who should read this paper

This document will be of interest to asset managers managing retail funds and their trade associations, as well as institutional and retail investors investing into such funds and their associations.

2 RELATED DOCUMENTS
Documents available for this Consultation
DateReferenceTitleDocument
16/07/2019ESMA34-39-881Consultation paper on performance fees guidelines in ucits
16/07/2019ESMA71-2333-1Response form for consultation on UCITS performance fee guidelines

Responses

Operations
Activity Institution Download
CFA Institute
Asset Management Orbis Investment Management (Luxembourg) S.A.
Asset Management J. DE DEMANDOLX GESTION
Asset Management BVI
Asset Management Norwegian Fund and Asset Management Assocoation
Asset Management Generali Investments, Asset and Wealth Management
Asset Management Swedish Investment Fund Association
Asset Management Amundi AM
Asset Management H2O AM LLP
Asset Management Aperture Investors, LLC
Asset Management Sycomore Asset Management
Asset Management AFG
Asset Management ASSOGESTIONI
Asset Management IAIM
Asset Management Amundi Asset Management
Asset Management A&L Goodbody Solicitors
Asset Management BlackRock
Asset Management Aperture Investors, LLC
Asset Management Orbis Investment Management (Luxembourg) S.A.
Asset Management Belgian Asset Managers Association (BEAMA)
Asset Management European Fund and Asset Management Association (EFAMA)
Banking Finance Norway (see ID in enclosed file)
Insurance and Pension European Federation of Financial Advisers and Financial Intermediaries (FECIF)
Investment Services ANASF - Associazione nazionale consulenti finanziari
Investment Services Alternative Investment Management Association (AIMA)
Issuers The Association of Investment Companies
Legal and Accountancy Arthur Cox
Others Irish Venture Capital Association
Others BETTER FINANCE - The European Federation of Investors and Financial Services Users
Others Irish Funds Industry Association
Others BETTER FINANCE - The European Federation of Investors and Financial Services Users
Others Association of Austrian Investment Fund Management Companies
Others Austrian Federal Economich Chamber, Division Bank and Insurance
Others Irish Funds Industry Association
Others Morningstar
Insurance, pension & asset management Association of the Luxembourg Fund Industry