Art. 50(3) of the MiFID II Delegated Regulation
How should investment firms indicate the parts of the total costs and charges paid in or represented in an amount of foreign currency in their ex-ante and ex-post costs and charges disclosure?
Answer 35
Article 50(3) MiFID II Delegated Regulation stipulates inter alia that where any part of the total costs and charges is to be paid in or represents an amount of foreign currency, investment firms must provide an indication of the currency involved and the applicable currency conversion rates and costs. However, Article 50(3) does not specify how firms should disclose such costs, neither for ex-ante nor for ex-post disclosures.
Firms are required to provide aggregated ex-ante information on all costs and charges. [According to Article 24(4) of MiFID II and Article 50(2) of the MiFID II Delegated Regulation.] This includes costs to be paid in or representing an amount of foreign currency [For the purpose of this Q&A, the notion of "f
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