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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
19/12/2017 ESMA70-156-181 Procedure for reporting of circuit breakers’ parameters by NCAs to ESMA Reference PDF
462.58 KB
06/12/2017 ESMA71-99-669 ESMA MIFID and MAR Data Systems , , , Reference PDF
208.06 KB
30/11/2017 ESMA71-319-65 Keynote Address at ASIFMA Annual Conference 2017 Hong Kong- Verena Ross , , Speech PDF
208.99 KB
20/11/2017 ESMA71-99-662 GFMA-ASIFMA LEI WEBINAR 19.10.17 Speech PDF
688.5 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 ESMA50-165-421 EU derivatives markets ─ a first-time overview , , , Reference PDF
477.35 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
09/10/2017 ESMA70-145-238 Legal Entity Identifier- Briefing Note Reference PDF
181.66 KB
05/10/2017 ESMA35-42-597 Speech by Steven Maijoor on financial education and investor protection in Europe- IOSCO World Investor Week , Speech PDF
222.15 KB
02/10/2017 ESMA71-99-608 Annex (Template for the Assessment of Collective Suitability) , Reference XLSX
72.7 KB
22/09/2017 ESMA71-319-53 Verena Ross Keynote AFME Compliance and Legal Conference , Speech PDF
236.94 KB
15/09/2017 ESMA70-154-259 Procedure for exemption of MiFIR access provisions for trading venues as regards exchange-traded derivatives Reference PDF
201.65 KB
07/09/2017 Delegation agreement - FI/DK Delegation Agreement between Finanssivalvonta and Finansinspektionen , Reference PDF
233.71 KB
20/06/2017 WP12017 ESMA working paper on collateral scarcity premia in Euro area repo markets Reference PDF
1.01 MB
19/06/2017 ESMA70-156-166 Response template consultation trading obligation MiFIR Reference DOCX
771 KB
16/06/2017 Delegation agreement - SE/DK Delegation Agreement between Finanstilsynet and Finansinspektionen , Reference PDF
113.56 KB
04/04/2017 ESMA658-3153 FIRDS Transparency Non-Equity conditional completeness table Reference XLSX
44.35 KB
20/03/2017 ESMA50-165-287 ESMA Risk Dashboard No. 1, 2017 Reference PDF
923.68 KB
17/03/2017 esma35-30-479 IPISC CWG Application form 2017 Reference DOCX
211.55 KB
17/03/2017 ESMA 35-30-473 Call for expressions of interest- Consultative Working Group for ESMA’s IPISC 2017 Reference PDF
270.59 KB