07/07/23 (Agence Europe) – The European Securities and Markets Authority (ESMA) published, on Thursday 6 July, a statement on its Common Supervisory Action 2022 on compliance with costs and charges disclosure rules under ‘MiFID II’ (see EUROPE 13212/14). While the EU’s financial markets regulator and supervisor says that most companies apply most of the requirements, it also points out that the level of compliance varies from one Member State to another. In addition, ESMA considers that there are still divergent practices - and sometimes a lack of information - on incentives, that implicit costs are not always disclosed and that companies are still inconsistent in the way they illustrate the cumulative impact of costs and charges on investment returns. To see the document: https://aeur.eu/f/7zb (TM)