Art. 24(4) of MiFID II and Art. 50(5) of the MiFID II Delegated Regulation
When a firm provides both investment advice and RTO/execution services to a client relating to the same transaction(s), when should the firm provide ex-ante information on costs and charges?
Answer 34
Pursuant to Article 24(4) of MiFID II and Article 50(5) of the MiFID II Delegated Regulation, firms shall inform clients in good time before the provision of the service of all costs and associated charges relating to the investment and/or ancillary service and the financial instrument.
To enable the client to take an informed investment decision based on the recommendation provided by the firm, the client should be informed of all ex-ante costs and associated charges when the investment advice is provided. [Additionally, in case the advice would take the form of on an ongoing advice (if foreseen in national legislation) charged throu
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