Exceptional depth of expertise to help firms navigate the complexities of MiFID II and other European regulations
Proven track-record for the high quality delivery of regulatory solutions, on time and on budget
Reduced operational risk through a highly efficient, integrated end-to-end solution
Flexible solution for the calculation of personalized ex-post costs and the production of ex-post statements
Single-supplier relationship for a best-in-class strategic solution, backed by the highest standards of service
The regulatory requirement
Under Article 50 of the MiFID II Delegated Regulation, an investment firm is obliged to “provide annual ex-post information about all costs and charges related to both financial instruments and ancillary services where they have recommended or marketed the financial instruments, or, where they have provided the client with the KID/KIID in relation to the financial instrument and they have or had an ongoing relationship during the year.”
Who the regulation will impact?
Segregated & separate account providers
Fiduciary account managers
Some fund manufacturers
The Article also states that the information must be provided to the investor on a personalised basis and be based on actual incurred costs. The information takes the format of an Ex-post Costs and Charges Statement. The statement must also show the actual cumulative effect that these costs have on the return on investment for the investor.