IOSCO has published its final report on good practice for fees and expenses of collective investment schemes aimed at retail investors. In the report, IOSCO sets out 23 examples of good practice relating to issues including: (i) permitted or prohibited costs for a CIS; (ii) disclosure of fees and expenses to the investor, including use of electronic media; (iii) remuneration of the CIS operator; (iv) performance-related fees; (v) transaction costs; (vi) hard and soft commissions on transactions; and (vii) fees associated with CISs that invest in other funds. The final report follows a consultation report published by IOSCO in June 2015 on the fees and expenses of investment funds.