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By Dimitri PALATE, EY Luxembourg Partner, Wealth and Asset Management
Costs and charges have become a focal point in the European investment fund landscape, driven by growing regulatory scrutiny and heightened investor sensitivity. Fund managers across Europe, particularly in the UCITS space, face intensified supervision by national and European authorities, led by the European Securities and Markets Authority (ESMA) and local regulators such as Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF).
Background on the Regulatory Framework: ESMA's Common Supervisory Action and the CSSF’s Supervisory Approach in Luxembourg
In 2021, ESMA initiated a Common...
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