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Disclosure of costs and charges under Article 24 MiFID II

Author

Listed:
  • Göb, Wolfgang

    (Head of Business Development, Software Daten Service Gesellschaft, Austria)

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.

Suggested Citation

  • Göb, Wolfgang, 2018. "Disclosure of costs and charges under Article 24 MiFID II," Journal of Securities Operations & Custody, Henry Stewart Publications, vol. 10(1), pages 18-28, January.
    • Handle: RePEc:aza:jsoc00:y:2018:v:10:i:1:p:18-28
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    More about this item

    Keywords

    MiFID II; costs and charges; cost transparency; investor protection;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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