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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
28/05/2020 ESMA70-156-2187 Public Statement BMR transitional period- pending applications Reference PDF
130.51 KB
23/04/2020 ESMA34-45-904 Joint ESA consultation on ESG disclosures- response form , Reference DOCX
573.19 KB
17/04/2020 ESMA70-155-9524 ESMA BMR Equivalence MoU MAS , Reference PDF
584.97 KB
02/04/2020 ESMA 70-152-3050 CCSPSA consultation_Response Form , , Reference DOCX
774.63 KB
13/01/2020 ESMA31-62-1409 Compliance table GLs on Risk factors Reference PDF
144.99 KB
11/12/2019 ESMA70-154-1504 Briefing BMR Recognition application Reference PDF
91.65 KB
04/12/2019 ESMA31-59-1417 ESMA amendments to an RTS relating to the PR Reference PDF
283.48 KB
02/12/2019 esma31-62-1193 List of prospectus thresholds , , Reference PDF
221.54 KB
20/10/2019 ES IC1 ESMA-ASIC MoU on BMR Reference PDF
368.11 KB
16/10/2019 ESMA30-201-535 Response form to consultation on amended PRIIPs KID , Reference DOCX
576.23 KB
12/07/2019 ESMA31-62-1333 Response form consultation on Guidelines on disclosure requirements under the Prospectus Regulation Reference DOCX
759.09 KB
18/12/2017 ESMA65-8-5306 Benchmarks attributes Reference PDF
229.87 KB
15/12/2017 ESMA31-62-802 reply form Response form- Consultation Paper on draft RTS under the new Prospectus Regulation Reference DOCX
772.18 KB
29/11/2017 ECB/ESMA/FSMA Risk Free Rate Working Group Application Form Reference DOCX
25.87 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.

19/10/2017 Ares(2017)5008790 European Commission request to ESAs to issue recurrent reports- CMU action , Reference PDF
294.97 KB
29/09/2017 ESMA70-145-253 Response form for the Consultation Paper on Guidelines for non-significant benchmarks Reference DOCX
768.13 KB
06/07/2017 ESMA31-62-649 reply form Response form_Consultation Paper on EU Growth prospectus Reference DOCX
771.83 KB
06/07/2017 ESMA31-62-532 reply form Response form_Consultation Paper on format and content of the prospectus Reference DOCX
776.87 KB
06/07/2017 ESMA31-62-650 reply form Response form_Consultation Paper on scrutiny and approval Reference DOCX
768.87 KB