Call for evidence on Impact of the inducements and costs and charges disclosure requirements under MiFID II

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Type of event
Consultation
Section
Investor protection
Details

Responding to this paper

ESMA invites comments on this paper and in particular on the specific questions summarised in Chapter 3.

ESMA will consider all comments received by 6 September 2019.

All contributions should be submitted online at www.esma.europa.eu under the heading ‘Your input - Consultations’.

Publication of responses

All contributions received will be published following the close of the consultation, unless you request otherwise. Please clearly and prominently indicate in your submission any part you do not wish to be publicly disclosed. A standard confidentiality statement in an email message will not be treated as a request for non-disclosure. A confidential response may be requested from us in accordance with ESMA’s rules on access to documents. We may consult you if we receive such a request. Any decision we make not to disclose the response is reviewable by ESMA’s Board of Appeal and the European Ombudsman.

Data protection Information on data protection can be found at www.esma.europa.eu under the heading Legal Notice.

Who should read this paper

All interested stakeholders are invited to respond to this call for evidence. This call for evidence is primarily of interest to (i) firms which are subject to Article 24(4) and (9) of MiFID II1 when providing investment services and/or ancillary services and (ii) consumer groups and investors. Item (i) of the above includes investment firms (as defined in Article 4(1)(1) of MiFID II), credit institutions when providing investment services and activities, external Alternative Investment Fund Managers (AIFMs) (as defined in Article 5(1)(a) of the AIFMD2) and UCITS management companies (as defined in Article 2(1)(b) of the UCITS Directive3) when providing investment services (in accordance with Article 6(4) of the AIFMD and Article 6(3) of the UCITS Directive, respectively).  

Activity Institution Download
Asset Management AIMA and MFA
  • 52451
Others Austrian Federal Economich Chamber, Division Bank and Insurance
  • 52452
Others EFFAS
  • 52460
Others Instituto Español de Analistas Financieros
  • 52464
Banking Polish Bank Association
  • 52465
Asset Management AFG_ Association Française de la Gestion financière
  • 52498
Asset Management Amundi Asset Management
  • 52502
Others AFTI
  • 52520
Investment Services Nordic Securities Association
  • 52522
Investment Services ANASF - Associazione nazionale consulenti finanziari
  • 52526
European Federation of Financial Advisers and Financial Intermediaries (FECIF)
  • 52527
Others The Polish Chamber of Brokerage Houses
  • 52530
Investment Services Associazione Intermediari Mercati Finanziari - Assosim
  • 52531
Banking Finance Denmark
  • 52532
Others Finance Finland
  • 52541
Others AMAFI
  • 52547
Asset Management EFAMA
  • 52549
Banking European Savings and Retail Banking Group (ESBG)
  • 52551
Banking BNPParibas
  • 52559
Banking Italian Banking Association
  • 52564
Asset Management BVI
  • 52566
Banking DDV, German Derivatives Association
  • 52568
Banking German Banking Industry Committee
  • 52569
Asset Management Assogestioni
  • 52575
Banking Association of Foreign Banks in Germany (VAB)
  • 52578
Asset Management J.P. Morgan Asset Management
  • 52660
Banking European Association of Co-operative Banks (EACB)
  • 52582
Others BETTER FINANCE - The European Federation of Investors and Financial Services Users
  • 52583
Asset Management Vanguard Asset Management Limited
  • 52584
Others Associazione Italiana Private Banking
  • 52585
Others The Association for Financial Markets in Europe (AFME)
  • 52586
Banking EUROPEAN BANKING FEDERATION
  • 52589
Asset Management The Investment Association
  • 52590
BIPAR
  • 52596
Others BEUC, European Consumer Organisation
  • 52597
Investment Services Bundesverband der Wertpapierfirmen e.V.
  • 53060
Banking Deutsche Bank AG
  • 52600
Investment Services Personal Investment Management & Financial Advice Association (PIMFA)
  • 52606
Investment Services ASSORETI
  • 52610
Asset Management BlackRock
  • 52616
Asset Management Invesco
  • 52636
Asset Management Ruffer LLP
  • 52766
Others Spanish Securities Market Stakeholder Group of the CNMV
  • 52792