MiFID II and PRIIPs:
is your fund distribution at risk?
Financial Services - connected?
On 10 July 2017, the European Securities and Markets Authority (ESMA) clarified in their questions and answers for MiFID II/MIFIR1 Investor Protection that asset managers need to provide a PRIIP transaction cost to the distributors. This puts further pressure on asset managers, since now the broader fund range (i.e., all UCITS2) are affected by the PRIIPs regulation, which will come into force at the same time as MiFID II at beginning of January 2018.