The European Commission published its Retail Investment Package (the Package) in May 2023. The Package aims to streamline and modernise investor protection rules in EU laws, including.
On 17 May 2023, the European Securities and Markets Authority (ESMA) issued its Opinion on undue costs of UCITS and AIFs (the Opinion). BACKGROUND TO THE OPINION - The Opinion follows.
European Securities and Markets Authority;it be mandated to specify circumstances in which particular costs should be considered eligible,taking into account funds’ investment policies and assessment of eligibility costs should cover amount of costs charged to fund investors
The Commission is working on policy proposals as part of the Retail Investment Strategy (the RIS), which aims to empower retail investors, enhance confidence and trust and increase their participation in the capital markets.