Q&A · ESMA
Information on cost and charges
Answered
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Ex-ante costs and charges cannot be disclosed as a range or a maximum: firms must give their best estimate, as a cash amount and a percentage, individualised to the specific instrument and service, using actually incurred costs as a proxy.
Details
| Reference | ESMA_QA_1843 |
|---|---|
| Issuer | ESMA |
| Published | 29 May 2019 |
| Answered | 29 May 2019 |
| Submitted | 29 May 2019 |
| 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 30 |
Provisions it relates to
- Article 24 MiFID II · General principles and information to clientsInferred · 90%
- MiFID II (whole act)Explicit reference