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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
10/11/2017 ESMA35-43-349 Q&As on MiFID II and MiFIR investor protection topics Q&A PDF
766.3 KB
09/11/2017 ESMA70-156-275 Consultation paper on proposed amendment to MiFID II RTS 1 Consultation Paper PDF
454.64 KB
08/11/2017 ESMA70-145-11 Q&A on BMR , Q&A PDF
441.71 KB
08/11/2017 ESMA22-106-430 Summary of Conclusions Management Board meeting 26 September 2017 Summary of Conclusions PDF
270.26 KB
08/11/2017 ESMA22-106-432 Summary of Conclusions Board of Supervisors meeting 27 September 2017 Summary of Conclusions PDF
285.92 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.

06/11/2017 ESMA50-165-416 Report on Trends, Risks and Vulnerabilities No.2 2017- correction Final Report PDF
2.89 MB

ERRATUM - In TRV 2 2017,  p.39 table V.3, 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.

03/11/2017 ESMA70-708036281-86 Designated Payment and Securities Settlement Systems Reference PDF
912.09 KB
31/10/2017 ESMA32-63-365 List of enforcement decisions Reference PDF
349.75 KB
31/10/2017 ESMA32-63-334 Report 21st Extract from the EECS's Database of Enforcement Report PDF
522.76 KB
30/10/2017 ESMA32-51-370 Q&A on ESMA Guidelines on Alternative Performance Measures , Q&A PDF
566.5 KB
27/10/2017 ESMA71-99-623 Press Release on 2017 Enforcement Priorities , , , Press Release PDF
172.2 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
27/10/2017 ESMA32-63-340 Public Statement on European common enforcement priorities for 2017 IFRS financial statements , Statement PDF
287.62 KB
24/10/2017 ESMA70-155-1834 MiFID II position limits on zinc contracts Opinion PDF
129.7 KB
24/10/2017 ESMA70-155-183 MiFID II position limits on tin contracts Opinion PDF
126.6 KB
24/10/2017 ESMA70-155-1830 MiFID II position limits on nickel contracts Opinion PDF
130.34 KB
24/10/2017 ESMA70-155-1826 MiFID II position limits on lead contracts Opinion PDF
128.95 KB
24/10/2017 ESMA70-155-1822 MiFID II position limits on copper products Opinion PDF
128.82 KB
24/10/2017 ESMA-70-155-1818 MiFID II position limits on aluminium contracts Opinion PDF
130.07 KB