Disclosure of costs and charges under Article 24 MiFID II

Wolfgang Göb
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Wolfgang Göb: Head of Business Development, Software Daten Service Gesellschaft, Austria

Journal of Securities Operations & Custody, 2018, vol. 10, issue 1, 18-28

Abstract: The disclosure of costs and charges ( frequently labelled cost transparency), that is, the obligation of financial institutions to inform potential investors of the expected costs of an investment in a financial instrument, is one of the many complex and difficult issues of Markets in Financial Instruments Directive II (MiFID II). It requires estimating and predicting future costs, often within the framework of client-specific fee models. The outcome will have a significant impact on customer interaction and on the sales process for financial products. This paper discusses both the technical challenges and the business implications of the implementation of cost transparency.

Keywords: MiFID II; costs and charges; cost transparency; investor protection (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jsoc00:y:2018:v:10:i:1:p:18-28

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