ESMA_QA_1110

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1110

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Regulatory Context

Regulation : UCITS

Level 1 Regulation: Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Efficient portfolio management (EPM) techniques

Subject Matter: ESMA’s guidelines on ETFs and other UCITS issues - Efficient portfolio management techniques

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Question

Submission Date: 15 March 2013

According to paragraph 28 of the guidelines, UCITS should disclose the identity of the entity(ies) to which the direct and indirect costs and fees are paid and indicate if these are related parties to the UCITS management company or the depositary. Where should this information be disclosed?

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ESMA Answer

Answer Date: 15-03-2013

[ESMA 34-43-392 UCITS Q&A, section 3, Q&A 4c] UCITS management companies may disclose this information in the prospectus of the UCITS or in the annual report of the UCITS.

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This document was automatically extracted from the ESMA EMIR Q&A database.