EU regulators to probe retail costs and performance

To increase investor awareness

clock • 1 min read

EU regulators are set to conduct a large-scale study into the cost and performance of both active and passive funds, European Securities and Markets Authority (ESMA) chair Steven Maijoor has said.

Maijoor said in a Paris conference speech that ESMA and the European Banking Authority would assess retail products' cost reporting and past performance to "increase investors' awareness of the net return of these products, and the impact of fees and charges". FCA's Bailey: More work to be done on fees He added the regulators would obtain more data to complete their assessment when MiFID II comes into force in January. ESMA and the EBA's plans follow similar investigations from national regulators, such as the UK's Financial Conduct Authority, which this year produced a final repor...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

No naming without shaming? The FCA's transparency plans

No naming without shaming? The FCA's transparency plans

The impact of the FCA’s plans to name firms under investigation

Chris Croft
clock 27 March 2024 • 4 min read
FSCS declares three financial advisory firms in default

FSCS declares three financial advisory firms in default

Latest batch of failed firms revealed by lifeboat fund

Jenna Brown
clock 25 March 2024 • 1 min read
FCA commits to fast authorisations to boost finance sector

FCA commits to fast authorisations to boost finance sector

The regulator’s latest business plan highlights this focus

Sahar Nazir
clock 19 March 2024 • 1 min read