Regulatory AlertsDOC-2021-01 Performance Fees in UCITS and Certain Types of AIFs
The French Autorité des Marchés Financiers (AMF) issued Position DOC-2021-01 to integrate ESMA guidelines regarding performance fees in UCITS and certain AIFs. This regulatory doctrine aligns French supervisory practices with the European Securities and Markets Authority's standards to ensure consistent treatment of performance-based compensation. The document references specific articles of the Monetary and Financial Code and the AMF's General Regulation as its legal basis.
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II - Investment Products II. 1 - Collective Investments II. 1.1. Provisions common to UCITS and AIFs Doctrine Asset Management
Performance Fees in UCITS and Certain Types of AIFs
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Applicable as of January 5, 2021 Position DOC-2021-01
Download Viewed Version Summary Position DOC-2021-01 incorporates the ESMA "Guidelines on performance fees in UCITS and certain types of AIFs" (ESMA34-39-992).
Download the doctrine Reference texts
Article L. 214-23 of the Monetary and Financial Code
Article L. 533-11 of the Monetary and Financial Code
Articles 319-3, 319-13, 321-100, 321-101, 321-118, 411-106 to 411-112, 411-121, 421-33 and 422-67 to 422-70 of the AMF General Regulation
Guidelines on performance fees in UCITS and certain types of AIFs
Guidelines on performance fees in UCITS and certain types of AIFs
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Legal notices: Publisher: The Director of the AMF Communication Department. Contact: Communication Department, Autorité des marchés financiers - 17, place de la Bourse - 75082 Paris Cedex 02