Article preview: Back in January 2018, the framework for European Union (EU) legislation, known as the Markets in Financial Instruments Directive (MiFID), was revised to improve the functioning of financial markets in light of the financial crisis and to strengthen investor protection. MiFID applied to the UK from November 2007 and the revision, known as MiFID II, extended the requirements in several areas, including new and extended requirements in relation to transparency. Since January 2017, MiFID II requires investment managers to disclose the additional transaction costs that are incurred, separately from the ongoing charge figure. These additional charges were already being applied, but not previously disclosed.
Explaining MiFID II investment charges disclosure
This 545 word blog post explains the investment charges disclosure rules arising from MiFID II and what this disclosure means for clients. Could also be used as a letter or email to clients. Written on 13th January 2019.
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