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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
02/04/2020 ESMA 70-152-3050 CCSPSA consultation_Response Form , , Reference DOCX
774.63 KB
20/02/2020 ESMA34-32-418 AIFMD MoUs signed by the EU authorities , Reference XLSX
50.84 KB
05/12/2019 JC 2019 19 The introduction of fallbacks in OTC derivative contracts and the requirement to exchange collateral , Statement PDF
80.41 KB
24/10/2019 JC-2019-64 Joint ESA Supervisory Statement – application of scope of the PRIIPs Regulation to bonds , Statement PDF
802.39 KB
16/10/2019 ESMA30-201-535 Response form to consultation on amended PRIIPs KID , Reference DOCX
576.23 KB
27/04/2018 ESMA22-103-753 Multilateral MoU on cooperation, information exchange and consultation , Statement PDF
731.24 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
06/10/2017 ESMA/2016/1144 Annex 5.3 Annex 5.3- Project Work plan (TRACE Project) Reference PDF
245.92 KB
06/10/2017 ESMA/2016/1144 Annex 3.3 Annex 3.3- Access to Trade Repositories SLA (TRACE Project) Reference PDF
293.75 KB
06/10/2017 ESMA/2016/1144 Annex 2.3 Annex 2.3- Project Presentation Document (TRACE Project) Reference PDF
379.91 KB
06/10/2017 ESMA/2016/1144 Annex 1.3 Annex 1.3- Description of Tasks Reference PDF
144.86 KB
06/10/2017 ESMA65-12-1860 Amendment 3 to the Delegation Agreement (FIRDS and TRACE Projects) Reference PDF
188.54 KB
06/10/2017 ESMA65-316-2269 Annex 9- Transfer of funds request (FIRDS and TRACE Projects) Reference PDF
251.66 KB
06/10/2017 ESMA65-316-2646 Annex 8- Final Report Template Reference PDF
215.19 KB
06/10/2017 ESMA65-316-2645 Annex 7- Progress Report Template Reference PDF
216.56 KB
06/10/2017 ESMA65-316-2644 Annex 6- Governance Framework Reference PDF
258.12 KB
06/10/2017 ESMA65-12-1863 Annex 5.1- Project Work Plan (FIRDS Project) Reference PDF
234.25 KB
06/10/2017 ESMA65-12-1931 Annex 4.3- Financial contributions (TRACE Project) Reference PDF
253 KB
06/10/2017 ESMA65-316-2651 Annex 3.1- Instruments SLA Reference PDF
299.44 KB

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