Regulatory AlertsAMF Guide on Fees
The French Autorité des Marchés Financiers (AMF) issued this guide to detail the conditions under which subscription/redemption and management fee retrocessions are permitted in fund-of-funds structures. The document provides specific clarifications on performance fees and calculation methods for variable management fees with equalization claims across various professional investment vehicles. It also addresses deferred subscription fees and the practical allocation of retrocessions to ensure proper investor information.
Share