Discussion Paper on UCITS share classes

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Type of event
Fund Management

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 6 June 2016.

All contributions should be submitted online at www.esma.europa.eu under the heading ‘Your input - Open 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 UCITS management companies and their trade associations, as well as institutional and retail investors investing in UCITS.

Activity Institution Download
Insurance, pension & asset management Reed Smith LLP
  • 17482
Insurance and Pension MS Amlin plc
  • 18603
Government, Regulatory and Enforcement CNMV
  • 18643
  • 18738
Legal and Accountancy Dillon Eustace
  • 18744
Asset Management Swedish Investment Fund Association
  • 18747
Asset Management Amundi
  • 18764
Legal and Accountancy Matheson
  • 18766
Asset Management Irish Funds
  • 18768
  • 18769
Asset Management BVI
  • 18778
Asset Management BlackRock
  • 18779
Asset Management The Alternative Investment Management Association (AIMA)
  • 18793
Asset Management EFAMA
  • 18795
Asset Management The Investment Association
  • 18796
BNY Mellon
  • 18800
  • 18801
Asset Management Assogestioni
  • 18802
Others Depositary and Trustee Association
  • 18803
Others ALFI (Association of the Luxembourg Investment Fund Industry)
  • 18804
Asset Management AFG
  • 18805
Others Citibank N.A. London Branch
  • 18806
Banking Deutsche Bank
  • 18808
Investment Services State Street Corporation
  • 18810
Others CFA Institute
  • 18811
Financial Services User Group
  • 20910