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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
20/10/2017 ESMA32-61-208 Letter to IASB on ED Amendments to IAS 16 Letter PDF
83.1 KB
20/10/2017 ESMA32-61-208 Letter to EFRAG on ED Amendments to IAS 16 Letter PDF
84.57 KB
20/10/2017 ESMA32-61-193 Letter to IFRS IC on Tentative Agenda Decisions of the IFRS IC on IFRS 3 and IAS 37 Letter PDF
86.77 KB
20/10/2017 ESMA31-62-780 Q&A on Prospectus Related Topics , , Q&A PDF
1.21 MB
20/10/2017 ESMA32-61-207 Letter to EFRAG on IASB Discussion Paper on Principles of Disclosure Letter PDF
952.5 KB
20/10/2017 ESMA32-61-189 Letter to IASB regarding its Discussion Paper on Principles of Disclosure Letter PDF
938.27 KB
19/10/2017 ESMA50-165-422 The impact of charges on mutual fund returns , , Reference PDF
587.49 KB

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 ESMA70-156-177 Compliance table for the Guidelines on the calibration of circuit breakers and publication of trading halts under MiFID II (ESMA70-872942901-63) Compliance table PDF
312.15 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 ESMA/2017/VAC03/FGIV Vacancy notice- ICT Officer (deadline: 16/11/2017) , Vacancy PDF
342.26 KB
19/10/2017 ESMA50-165-421 EU derivatives markets ─ a first-time overview , , , Reference PDF
477.35 KB
18/10/2017 ESMA71-99-637 Speech by Valdis Dombrovskis- ESMA Conference 2017 , Speech PDF
381.97 KB
18/10/2017 ESMA50-164-677 FAQs on MiFID II- Interim Transparency Calculations , Reference PDF
267.94 KB
17/10/2017 ESMA71-99-635 ESMA conference examines the state of European financial markets Press Release PDF
149.18 KB

The European Securities and Markets Authority (ESMA) will host its first conference, entitled The State of European Financial Markets, today at the Westin Grand Paris – Vendôme. Over 350 participants from across the European financial sector, including political decision makers, regulators, consumer and industry representatives and financial media will discuss the key issues facing Europe’s capital and securities markets.

17/10/2017 ESMA71-99-635 The State of European Financial Markets- Steven Maijoor, Opening Address, ESMA Conference , Speech PDF
175.8 KB
16/10/2017 ESMA/2017/VAC1/TRP/HR Vacancy notice- Traineeship- HR profile (deadline: 06/11/2017) , Vacancy PDF
505.25 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
11/10/2017 ESMA/2017/VAC17/AD7 Vacancy notice- Economist / Senior Risk Analysis Officer (deadline: 13/11/2017) , Vacancy PDF
598.03 KB

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