With transparency, the holy grail to which MiFID II aspires to, its future impact on costs and charges is being keenly felt, as firms seek clarity in defining their market position on the topic.
Article 24(4) of the directive requires firms that fall under the MiFID remit to provide their potential clients ‘appropriate details of all costs and charges within good time’.
This means effective communication across the distribution chain, whether implicitly or explicitly.
Here, our market leading experts, Laurent Degabriel and Stéphanie De Maillard explain the challenges that costs and charges present to financial services firms and the steps they could take to resolve them.
15 окт 2024
