The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers on the application of the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS).
The Q&A document includes one new question and answer on:
- the application of remuneration disclosure requirements to staff of the delegate of an UCITS management company to whom investment management functions have been delegated.
The purpose of this Q&A document is to promote common supervisory approaches and practices in the application of the UCITS Directive and its implementing measures.
ESMA will periodically review this Q&A document and update it where required.
