The European Securities and Markets Authority (ESMA) has released a discussion paper on share classes of Ucits. The contents, as described by ESMA: “In this discussion paper, ESMA sets out its views on what constitutes a share class, including how to distinguish share classes from compartments of Ucits. The paper goes on to provide possible approaches to the extent of differentiation between share classes that should be permitted.”
Click here to see the APFI response to questions posed by ESMA concerning this discussion paper.