Q&A · ESMA

Disclosure of costs and charges paid in or represented in an amount of foreign currency

Answered

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AI-generated Summary

Costs paid in or represented in foreign currency, and currency conversion costs, must be included in aggregated ex-ante and ex-post costs disclosures; ex ante, firms must also state the currencies, conversion rates and conversion costs even without a request for an itemised breakdown.

Details

Reference	ESMA_QA_2025
Issuer	ESMA
Published	13 Dec 2023
Answered	13 Dec 2023
Submitted	13 Dec 2023
ESMA topics	Information to clients on costs and charges
Former reference	The second paragraph of this Q&A includes a reference to the Q&A 9.13 of the ESMA Q&As on MiFID II and MiFIR Investor protection and intermediary topics (Ref: ESMA35-43-349) which can also be found in the ESMA Q&A tool as Q&A 1825.

Provisions it relates to

Article 24 MiFID II · General principles and information to clients
MiFID II
Explicit reference
MiFID II (whole act)
Explicit reference

Documents it refers to

Delegated actIn forceExplicit reference
Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive
European Commission · 31 Mar 2017 · EUR-Lex
AI summaryThe main MiFID II Delegated Regulation: defines key terms (such as investment advice, systematic internaliser, algorithmic and high-frequency trading, and direct electronic access) and sets detailed organisational requirements and operating conditions for investment firms, including compliance, conflicts of interest, remuneration, client information, suitability and appropriateness, best execution, client order handling, reporting to clients, record keeping and transaction-level obligations.