Europees
ESMA launches a Common Supervisory Action with NCAs on the supervision of costs and fees of UCITS
On 6 January 2021, the European Securities and Markets Authority (ESMA) announced Common Supervisory Action (CSA) with the national competent authorities (NCAs). The CSA aims to assess the compliance of supervised entities with the relevant cost-related provisions in the UCITS framework, and the obligation of not charging investors with undue costs. The CSA will also cover entities employing Efficient Portfolio...