Discussion Paper on UCITS share classes

Discussion Paper on UCITS share classes

from 06 April 2016 to 06 June 2016


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.

Documents available for this Consultation
06/04/20162016/570Discussion Paper on UCITS share classes
06/04/20162016/570 RFReply Form DP SC


Activity Institution Download
BNY Mellon
Financial Services User Group
Asset Management Assogestioni
Asset Management AFG
Asset Management Swedish Investment Fund Association
Asset Management Amundi
Asset Management Irish Funds
Asset Management BVI
Asset Management BlackRock
Asset Management The Alternative Investment Management Association (AIMA)
Asset Management EFAMA
Asset Management The Investment Association
Banking Deutsche Bank
Government, Regulatory and Enforcement CNMV
Insurance and Pension MS Amlin plc
Investment Services State Street Corporation
Legal and Accountancy Dillon Eustace
Legal and Accountancy Matheson
Others Depositary and Trustee Association
Others ALFI (Association of the Luxembourg Investment Fund Industry)
Others Citibank N.A. London Branch
Others CFA Institute
Insurance, pension & asset management Reed Smith LLP