define and implement a structured and formalised pricing process, bearing in mind the characteristics of their fund(s) and the recommendations enshrined in the supervisory briefing

perform an independent (i.e. from the portfolio manager) analysis of the fee structures once those have been established. It should be avoided to over rely on the assessment made by the portfolio manager and a more active role of the senior management, internal control functions, and relevant functions/ committees should be ensured

periodically review the level of cost, at least on an annual basis, and monitor it in order to compare the estimated ongoing charges with the actual expenses incurred by the fund and, where possible, reduce the level of fees

ensure the viability and competitiveness of the fund over time by taking due care of the sustainability of the costs over time (not only considered ex ante, but also based on the actual ex post investment performance) and ensure an appropriate level of fees in the best interest of investors