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 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
| Reference | ESMA_QA_1119 |
|---|---|
| Issuer | ESMA |
| Published | 28 May 2021 |
| Answered | 28 May 2021 |
| Submitted | 28 May 2021 |
| ESMA topics | Information to clients on costs and charges |
| Earlier Q&A document | ESMA35-43-439 Investor protection Cost and charges Q&A 34 |
Provisions it relates to
- Article 24 MiFID II · General principles and information to clientsInferred · 90%
- MiFID II (whole act)Explicit reference