EUORPE: ESMA Compliance Table on Guidelines on Performance Fees in UCITS and certain types of AIFs

Thursday June 10 2021

ESMA has published the compliance table of competent authorities that comply or intend to comply with ESMA’s Guidelines on performance fees in UCITS and certain types of AIFs (ESMA34-39-992).

All EU and EEA States currently comply or intent to comply apart from Sweden.

Sweden has stated that Finansinspektionen does not comply and does not intend to comply with the guideline in respect of open-ended AIFs which are allowed to be marketed to retail investors on the basis of the funds being admitted to trading on a regulated market. AIFs admitted to trading on a regulated market are, after authorisation by Finansinspektionen, allowed to be marketed to retail investors. The Swedish regulation does not provide specific rules on the fee structure of such funds. Finansinspektionen is therefore unable to comply with the guideline in respect of these funds.

Click on the above link for further information.