argomento: News del mese - Diritto Internazionale e Comunitario

Articoli Correlati: ESMA - Verena Ross - Common Supervisory Action

On May 31^st, 2022, the European Securities and Markets Authority (ESMA), the EU securities markets regulator, issued a new report concerning costs for investment funds that were inserted in the Common Supervisory Action that was created together with National Competent Authorities throughout all the year 2021. In the published report ESMA had to stress that the focus of EU entities has to avoid the overcharging of investors with undue costs, that always create different expectations and results for what concerns any return. Considering the matter, ESMA’s chair Verena Ross affirmed that: “ESMA, through this CSA, has worked with the NCAs to assess, foster and enforce supervised entities’ compliance with key cost-related provisions in the UCITS framework, in particular the obligation of not charging investors with undue costs. Costs remains a critical component when evaluating the ultimate benefits of an investment and, as ESMA has shown in its recent statistical reports, they remain higher for retail investors than for institutional investors. In order to promote retail participation in the fund market, continued supervisory attention is needed on the topic of costs and fees in investment funds.”