Fund Distribution Alert 2020-19

Fund Distribution Alert 2020-19



Said Fihri

Partner, ADV – Investment Services

KPMG in Luxembourg


ESMA publishes translations of performance fee guidelines

Further to our fund distribution alert of 7 April 2020, ESMA just published the relevant translations of the guidelines on performance fees for UCITS funds and certain AIFs. The publication of these translations on 5 November 2020 means that the guidelines become effective within two months, i.e. on 5 January 2021.

The ESMA announcement is available here and the actual guidelines along with the various translations here.

For further information on the content of the guidelines we recommend you refer to our fund alert of 7 April 2020 mentioned above, as well as our fund alert of 18 July 2019.

Please feel free to contact us should you require any additional information.


Said Fihri
+352 22 51 51 7892

Stephanie Zedda
+352 22 51 51 7271

Please note that any information provided is general in nature, is based on the latest publicly available information as analyzed on a best endeavor basis and does not constitute any specific legal opinion or advice.

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