TISA launches MiFID II costs and charges implementation guide

Tackles 'some of the most difficult technical challenges to firms'

Mike Sheen
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MiFID II comes into force on 3 January 2018
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MiFID II comes into force on 3 January 2018

TISA has published a guide for asset managers and distributors which will help with costs and charges disclosures in preparation for new MiFID II requirements, the legislation that comes into force in January 2018.

The guide, which was written by organisation's executive committee with input from 70 firms, is intended to provide an industry-wide approach to the practical aspects of implementing the changes and to provide guidance about recommended good practice. The investments and savings membership group's guide offers examples of how pre-sale and post-sale reporting could be presented to investors, with the intention of making disclosures as clear and as straightforward as possible. MiFID II, which comes into force on 3 January, requires investment firms to inform investors of expected costs ...

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