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ARTICLE · 27 DECEMBER 2022

CSSF Report On Costs And Fees Of UCITS And AIFs

ELVINGER HOSS PRUSSEN, société anonyme
Explore more from ELVINGER HOSS PRUSSEN, société anonyme

On 20 October 2022, the CSSF published its CSSF Feedback Report ("2022 Feedback Report") in which it presents its main observations and recommendations for improvements to ...

LuxembourgFinance and Banking
Elvinger Hoss Prussen
Elvinger Hoss Prussen

On 20 October 2022, the CSSF published its CSSF Feedback Report ("2022 Feedback Report") in which it presents its main observations and recommendations for improvements to the Luxembourg fund industry in the context of the ESMA Report on its Common Supervisory Action ("CSA") on costs and fees of UCITS and AIFs ("CSA Report").

In the CSA Report, ESMA stresses e.g. the importance of the investment fund managers' ("IFMs") pricing process to be structured and formalised in line with the characteristics of the funds managed and ESMA supervisory briefing on the supervision of costs in UCITS and AIFs.

In particular, ESMA stated that national competent authorities ("NCAs") should:

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