EU regulators are making the disclosure of management fees a priority, Jean-Marc Goy, counsel for international affairs at the CSSF told delegates at the Association of the Luxembourg Fund Industry (ALFI) European Alternative Investment Conference.
“Fees and expenses is a topic that both the International Organization of Securities Commissions and EU authorities are currently looking at,” said Goy.
Speaking at the conference yesterday, Goy told the audience that the issue of management fees is among the three topics that supervisory authorities around the world are focusing on this year.
“Supervisory authorities around the globe are aligned on their agendas around cyber security, anti-money laundering and fees and expenses,” said Goy.
In the US, fees continue to be a focus area in 2016 for the SEC’s Office of Compliance Inspections and Examinations, although this year the regulator has expanded its scope to fees, controls and disclosure for all private fund advisers.
This article was first published on Private Funds Management, our sister publication covering issues associated with managing private funds.