Regulatory Alerts2019-10-28
SMSG Opinion on ESMA's Report on performance and cost of retail investment products
The Securities and Markets Stakeholder Group issues an opinion on ESMA's January 2019 report regarding the performance and costs of retail investment products in the EU. The SMSG advises ESMA to develop a common reporting format across the three European Supervisory Authorities to enhance comparability and addresses critical data limitations regarding distribution costs and transaction fees. Furthermore, the opinion highlights technical concerns such as survivorship bias and the use of arithmetic averages, recommending methodological revisions for future annual editions.
Share