Q&A · ESMA
Information on cost and charges
Answered
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For disclosing mark-ups and mark-downs under Recital 79 of the MiFID II Delegated Regulation, the firm's position price is the instrument's current fair market value when offered (ex ante) or sold (ex post) to the client, so price changes from market risk while the firm held it are excluded.
Details
| Reference | ESMA_QA_1828 |
|---|---|
| Issuer | ESMA |
| Published | 3 Oct 2017 |
| Answered | 3 Oct 2017 |
| Submitted | 3 Oct 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 16 |
Provisions it relates to
- Article 24 MiFID II · General principles and information to clientsInferred · 90%
- MiFID II (whole act)Explicit reference