19 February 2004

IOSCO consultation on regulatory standards on fees and expenses of investment funds

The Technical Committee of IOSCO issued a Consultation Document aiming to identify common international best practices standards in the area of fees and expenses in investment funds. It should be identified what regulators should seek to achieve when dealing with some of the issues raised by fees and expenses.

These best practice standards deal with issues that were identified at this stage as key issues and where regulatory best practices were agreed upon, and include among others the disclosure of fees and expenses to the investor, conditions of remuneration of the fund operator, performance fees, and transaction costs.

This paper does not identify all possible regulatory issues concerning investment funds fees and expenses. It is likely that additional extensive regulatory approaches or best practices are to emerge.

Comments are to be sent by 30 May 2004

Document

© IOSCO