Further to the publication of the ESMA guidelines on performance fees for UCITS funds and certain AIFs (ESMA34-39-992), which aim at establishing a common European performance fee model, the ESMA released on February 10 a compliance overview table of the Member states which are complying, which intend to comply or which will not comply with the guidelines.
You will find below a summary of the compliance table:
Member states which already comply with the guidelines: Austria, Belgium, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Latvia, Luxemburg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia.
EEA EFTA States which already comply with the guidelines: Iceland, Liechtenstein, Norway.
Member states which will comply with the guidelines
Member states which will not comply with the guidelines
Please refer to the KPMG fund alert “ESMA released performance fee guidelines for UCITS and certain AIFs” for the main impacts of the above mentioned guidelines.
Please feel free to contact us should you require any additional information.
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.
© 2021 KPMG Luxembourg, Société coopérative, a Luxembourg entity and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.