MiFID II, MiFIR, BMR and Crowdfunding Regulation | ESMA updates


On 15 December 2023, ESMA updated their questions and answers (“Q&A”) on Directive 2014/65/EU of 15 May 2014 on markets of financial instruments (“MiFID II”) and Regulation (EU) 600/2014 on markets of financial instruments (“MiFIR”) with respect to the investor protection and intermediaries.

ESMA has updated the Q&A on aggregating charges and costs to clarify the requirement for all in-fees; and included a new question as to how investment firms should indicate the parts of the total costs and charges paid in or represented in an amount of foreign currency in their ex-ante and ex-post costs and charges disclosure.