ESA Joint Committee · priips-119 Final
Some fees are paid from the fund/investors to the manager based on the narrowing of the share price to NAV discount on a closed-ended listed fund. Should this type of fee be classed as a performance f
- Regulation
- PRIIPs
- Answered
- 2017-07-04
- Answer provided by
- ESAs (EBA, ESMA, EIOPA)
⚠
Joint Committee Q&As are published in consolidated PDF documents without explicit question/answer delimiters. Section boundaries below are identified automatically and may occasionally be imprecise.
Question
Some fees are paid from the fund/investors to the manager based on the narrowing of the share price
to NAV discount on a closed-ended listed fund. Should this type of fee be classed as a performance
fee?
Answer
The methodology specified in Point 24 of Annex VI applies to all performance related fees defined in
Point 6 as "performance–related fee payable to the management company or any investment adviser".
This Q&A is published by ESA Joint Committee (EBA, ESMA, EIOPA) and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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