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Q&A · ESMA

Information on cost and charges

Answered
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AI-generated Summary

Where a firm gives investment advice and then receives and transmits or executes the resulting order, ESMA says all ex-ante costs and charges (of the service, including transaction costs, and of the instrument) must be disclosed when the advice is given; they need not be repeated for the follow-on service if it concerns the same transactions, follows within a short time and the information is still accurate.

Details

ReferenceESMA_QA_1119
IssuerESMA
Published28 May 2021
Answered28 May 2021
Submitted28 May 2021
ESMA topicsInformation to clients on costs and charges
Earlier Q&A documentESMA35-43-439 Investor protection Cost and charges Q&A 34