Q&A · ESMA
disclosure of cost on return
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
An ex-post illustration of the cumulative effect of costs on return that uses only historical data must show the spikes and fluctuations that actually occurred; 'anticipated' spikes arise only where the firm adds a forward-looking illustration of expected costs.
Details
| Reference | ESMA_QA_2136 |
|---|---|
| Issuer | ESMA |
| Published | 16 Dec 2016 |
| Answered | 16 Dec 2016 |
| Submitted | 18 Mar 2024 |
| ESMA topics | Information to clients on costs and charges |
| Earlier Q&A document | Published as Q&A 9.3 in ESMA 35-43-349 Q&As on Investor protection |
Provisions it relates to
- Article 24 MiFID II · General principles and information to clientsInferred · 90%
- MiFID II (whole act)Explicit reference