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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
19/06/2018 ESMA20-95-916 Annual Report 2017 , Annual Report PDF
1.16 MB
12/06/2018 ESMA42-646012687-331 ESMA Guidelines , Reference PDF
570.08 KB
25/05/2018 ESMA31-67-535 Practical Guide on notifications of major holdings under the Transparency Directive , , Reference PDF
1.51 MB
04/05/2018 ESMA20-92-92 ESMA Staff Stakeholder contacts in the First Quarter 2018 Reference PDF
145.32 KB
03/05/2018 ESMA40-754485362-215 Conflict of interest and ethics policy- ESMA staff , Reference PDF
838.15 KB
30/04/2018 BoA 2018-01 Decision in an appeal by A v ESMA , Decision PDF
392.62 KB
27/04/2018 ESMA22-103-753 Multilateral MoU on cooperation, information exchange and consultation , Statement PDF
731.24 KB
19/04/2018 ESMA03-169-46 2018 Calendar of the Chair and Executive Director of ESMA Reference PDF
268.23 KB
13/04/2018 ESMA41-140-79 Technical standards , Reference XLSX
106.98 KB
28/03/2018 ESMA31-62-780 Q&A on Prospectus Related Topics , , Q&A PDF
1.25 MB
21/03/2018 EBA/GL/2017/12 Joint ESMA and EBA Guidelines on the assessment of the suitability of members of the management body and key function holders , , Guidelines & Recommendations ZIP
553.92 KB
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08/03/2018 ESMA71-99-955 EU Agencies Joint declaration on harassment Statement PDF
495.66 KB
28/02/2018 ESMA PARIS Visitor Handbook Reference PDF
2.39 MB
12/02/2018 ESMA50-164-1284 ESA warning on virtual currencies , Investor Warning PDF
563.64 KB
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07/02/2018 ESMA20-95-823 2018 Regulatory Work Programme , , , Reference PDF
251.91 KB
06/02/2018 ESMA20-92-76 ESMA Staff Stakeholder contacts in the Fourth Quarter 2017 Reference PDF
147.82 KB
15/11/2017 ESMA20-92-68 ESMA Staff Stakeholder contacts in the Third Quarter 2017 Reference PDF
144.95 KB
06/11/2017 ESMA50-165-422 The impact of charges on mutual fund returns- correction , , Reference PDF
590.09 KB

ERRATUM - In the original version of this document published on 19 October 2017 in table V.3 on page 4, the values in the last four rows of column five were accidentally misreported. For this reason, ESMA now provides a corrected version, including the corrected values and a footnote pointing to the initial mistake.

ESMA carried out a first analysis on fund performance measures, developing initial metrics to analyse the impact of ongoing fees, one-off charges and inflation on the returns of mutual funds. Key preliminary results for the EU fund industry show: Substantial reduction in net returns available to investors, especially in the retail sector and weakly cost- or price-sensitive investment decisions by retail investors

On average ongoing fees and one-off charges and inflation-reduced returns available to investors by 29% of gross returns between 2013 and 2015. These reductions apply to all market segments, while varying across jurisdictions, asset classes and client types. Relative return reductions range from 11% for passive equity fund shares to 44% for retail fund shares in bond mutual funds. Relative and absolute return reductions for actively managed and retail fund shares tend to exceed those of passively managed and institutional fund shares. Despite the impact of fees and charges on the net outcome to investors, these do not seem to be reflected in investor choices.

30/10/2017 ESMA32-51-370 Q&A on ESMA Guidelines on Alternative Performance Measures , Q&A PDF
566.5 KB
19/10/2017 Ares(2017)5008790 European Commission request to ESAs to issue recurrent reports- CMU action , Reference PDF
294.97 KB

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