Lux watchdog warns firms on fund charges – Ignites Europe

Luxembourg’s financial regulator has flagged shortcomings in asset managers’ setting of fee levels and ongoing charges calculations following a probe of the local market.

The warning comes in the Commission de Surveillance du Secteur Financier’s feedback report, published yesterday, following the common supervisory action on the supervision of costs and fees of Ucits, launched by the European markets watchdog at the start of last year.

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