Clearing Charges Product Costs Transaction Costs – Futures clearing Product Costs Transaction Costs – Exchange Clearing Product Costs Transaction Costs – Exchange Execution Product Costs Transaction Costs – PTM Levy Product Costs Transaction Costs – Fund Dilution Levy Product Costs Transaction Costs – Implicit Spread Costs Product Costs Transaction Costs – Stamp Duty Product Costs Transaction Costs – On-going Fees/Costs Product Costs Ongoing Costs – Audit Fees Product Costs Ongoing Costs – Custodian Fees Product Costs Ongoing Costs – Directors Fees Product Costs Ongoing Costs – Formation Fees Product Costs Ongoing Costs – Guarantor Fees Product Costs Ongoing Costs – Legal Fees Product Costs Ongoing Costs – Management Fees Product Costs Ongoing Costs – Other Fees Product Costs Ongoing Costs – Registration Fees Product Costs Ongoing Costs – Risk Transfer Fees Product Costs Ongoing Costs – Service Manager Fees Product Costs Ongoing Costs – Sub Registrar Fees Product Costs Ongoing Costs – Trading Interest Fees Product Costs Ongoing Costs – Trading Stock Borrow Fees Product Costs Ongoing Costs – Trading Swap Financing Fees Product Costs Ongoing Costs – Trading Other Fees Product Costs Ongoing Costs – Research costs Product Costs Ongoing Costs – Incidental Costs Product Costs Incidental Costs – Performance Fees Product Costs Incidental Costs – Carried interest Product Costs Incidental Costs – Calculation of end investor costs for Ex-Ante and Ex-Post disclosure This section aims to provide guidance on the best practice for the calculation of the end costs that need to be displayed in both the pre-sale and annual report that a investors’ distributor is required to supply under MiFID II.
Clearing Charges Product Costs – Transaction Costs Futures clearing Product Costs – Transaction Costs Exchange Clearing Product Costs – Transaction Costs Exchange Execution Product Costs – Transaction Costs PTM Levy Product Costs – Transaction Costs Fund Dilution Levy Product Costs – Transaction Costs Implicit Spread Costs Product Costs – Transaction Costs Stamp Duty Product Costs – Transaction Costs On-going Fees/Costs Product Costs – Ongoing Costs Audit Fees Product Costs – Ongoing Costs Custodian Fees Product Costs – Ongoing Costs Directors Fees Product Costs – Ongoing Costs Formation Fees Product Costs – Ongoing Costs Guarantor Fees Product Costs – Ongoing Costs Legal Fees Product Costs – Ongoing Costs Management Fees Product Costs – Ongoing Costs Other Fees Product Costs – Ongoing Costs Registration Fees Product Costs – Ongoing Costs Risk Transfer Fees Product Costs – Ongoing Costs Service Manager Fees Product Costs – Ongoing Costs Sub Registrar Fees Product Costs – Ongoing Costs Trading Interest Fees Product Costs – Ongoing Costs Trading Stock Borrow Fees Product Costs – Ongoing Costs Trading Swap Financing Fees Product Costs – Ongoing Costs Trading Other Fees Product Costs – Ongoing Costs Research costs Product Costs – Ongoing Costs Incidental Costs Product Costs – Incidental Costs Performance Fees Product Costs – Incidental Costs Carried interest Product Costs – Incidental Costs Calculation of end investor costs for Ex-Ante and Ex-Post disclosure This section aims to provide guidance on the best practice for the calculation of the end investors’ costs that need to be displayed in both the pre-sale and annual report that a distributor is required to supply under MiFID II.
846_Version1.2TISAbestpracticeguide4Dec2017final.docx