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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
17/11/2017 ESMA70-151-819a Response form EMIR consultation on position calculations Reference DOCX
771.37 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.

03/11/2017 ESMA70-708036281-86 Designated Payment and Securities Settlement Systems Reference PDF
874.29 KB
31/10/2017 ESMA32-63-365 List of enforcement decisions Reference PDF
349.75 KB
27/10/2017 ESMA32-63-364 Summary of results of the fact finding exercise on IFRS 9 and IFRS 15 , Reference PDF
292.46 KB
19/10/2017 Ares(2017)5008790 European Commission request to ESAs to issue recurrent reports- CMU action , Reference PDF
294.97 KB
19/10/2017 ESMA50-165-421 EU derivatives markets ─ a first-time overview , , , Reference PDF
477.35 KB
18/10/2017 ESMA50-164-677 FAQs on MiFID II- Interim Transparency Calculations , Reference PDF
267.94 KB
16/10/2017 ESMA22-106-423 SMSG Application Form 2018 Reference DOCX
331.91 KB
16/10/2017 ESMA65-8-5046 FIRDS- Instructions on access and download of full and delta reference data files , , , Reference PDF
291.36 KB
16/10/2017 ESMA22-106-135 Call for expression of interest- Academics and Financial Markets Participants , Reference PDF
320.76 KB
09/10/2017 ESMA22-105-238 Annex to the statement by Steven Maijoor- ECON Hearing 9 October 2017 Reference PDF
465.57 KB
09/10/2017 ESMA70-145-238 Legal Entity Identifier- Briefing Note Reference PDF
181.66 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

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