Q&A · ESMA
Information on cost and charges
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
Where no data on actually incurred costs exist (for example a new firm or client), firms must make reasonable ex-ante estimates that include every variable affecting the client's costs, such as instrument, size, commissions and taxes, plus forward-looking assumptions for ongoing services.
Details
| Reference | ESMA_QA_1826 |
|---|---|
| Issuer | ESMA |
| Published | 6 Jun 2017 |
| Answered | 6 Jun 2017 |
| Submitted | 6 Jun 2017 |
| ESMA topics | Information to clients on costs and charges |
| Earlier Q&A document | ESMA 35-43-349 MiFID II Q&As on Investor protection Ch. 9, question 14 |
Provisions it relates to
- Article 24 MiFID II · General principles and information to clientsInferred · 90%
- MiFID II (whole act)Explicit reference