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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
11/03/2013 2013/280 Vacancy notice- Chair of Committee drafting a proxy advising industry Code of Conduct , Reference PDF
102.91 KB
28/09/2015 2015/1468 Trading venue briefing , Reference PDF
304.63 KB
04/04/2016 2016/227 ToR SMSC Reference PDF
143.74 KB
04/04/2016 2016/229 ToR SCSC Reference PDF
93.7 KB
11/02/2016 2016/214 ToR OWG Prospectus Reference PDF
87.64 KB
04/04/2016 2016/221 ToR MDSC Reference
11/02/2016 2016/211 ToR CFSC Reference PDF
142.36 KB
11/02/2016 2016/209 ToR CEMA Reference PDF
128.84 KB
11/02/2016 2016/210 ToR CDTF Reference PDF
134.83 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.

19/12/2017 ESMA70-156-185 Template for reporting circuit breakers parameters to ESMA Reference XLSX
41.46 KB
10/12/2018 ESMA33-128-585 STS Reporting Instructions Reference PDF
456.26 KB
13/08/2019 ESMA33-128-761 STS notifications cancelled as from 01/01/2019 Regulation 2402/2017 Reference XLSX
59.55 KB
26/03/2021 ESMA42-110-2045 SSF Terms of reference Reference PDF
136.51 KB
21/05/2021 ESMA22-106-3378 SMSG response to the European Commission’s targeted consultation on supervisory convergence and the single rulebook , Reference PDF
171.54 KB
18/05/2018 ESMA70-154-555 SMSC Terms of Reference Reference PDF
209.92 KB
03/11/2020 ESMA33-128-760 Securitisations designated as STS as from 01/01/2019 Regulation 2402/2017 Reference XLSX
103.17 KB
19/08/2020 esma65-8-6469 securitisation_disclosure_templates_xml_schema_1.2.0 Reference ZIP
8.18 MB
19/08/2020 esma65-8-6469 securitisation_disclosure_templates_xml_schema_1.1.0 Reference ZIP
8.04 MB
15/09/2020 ESMA65-8-6469 Securitisation Disclosure Templates Reporting Instructions-Dec 2019 Reference PDF
839.83 KB

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