CROATIA: Hanfa Publishes ESMA Guidelines on performance fees in UCITS and certain types of AIFs

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CROATIA: Hanfa Publishes ESMA Guidelines…

Thursday January 7 2021

News Source: Fund Regulation

Focus: UCITS

Type: General

Country: Croatia

The Croatian Financial Services Supervisory Agency (Hanfa) has published a circular on the application of the Guidelines of the European Securities and Market Authority on performance fees in UCITS and certain types of AIFs (ESMA34-39- 992) which entered into force on 5.11.2020 and apply from 5.1.2021.

Guidance Apply: The guidelines apply to competent authorities and UCITS fund management companies and AIFM managing AIF that may be offered to retail investors in accordance with Article 43 of Directive 2011/61 / EU.

Application of the guideline in whole or in part: These guidelines apply in full.

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