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TISA releases updated MiFID II Costs & Charges guide

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TISA, the investing and saving alliance, has published an updated version of its essential MiFID II approach to implementation guide for Costs & Charges.

Produced to assist Asset Management and Distribution firms, the guide sets out a comprehensive, industry wide approach to the practical aspects of implementing the Costs and Charges provisions, including suggested templates.
 
This new version includes guidance to address an area of much considered thought by the industry by helping to clarify the standards and methodologies when completing the ex post section of the EMT, and guidance on ex post cumulative effect of charges on returns.
 
Jeffrey Mushens, TISA’s Technical Policy Director, says: “Costs and Charges are one of the most difficult technical challenges for firms to overcome. But it is imperative to get it right if firms are to meet their regulatory obligations and perhaps even more importantly, provide consumers with clear and simple information, presented in a consistent manner.”
 
“Each firm will have its own distinct characteristics and so there can be no ‘one-size fits all’ solution. This guide has therefore been designed to allow firms to modify their approach, while keeping to a common industry wide approach.”

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