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    MiFID II Article 24 (cost transparency)

     

    As of 2018, MiFID II will provide a wide range of new and more restrictive regulations regarding investor protection. Especially, investors are now entitled to more extensive and more detailed information about the service costs of the intermediary, any commission payments for the distribution of financial products and about the internal costs of a product (e.g. management fees). The information has to be provided prior to an investment decision – as an assessment, if required – as well as during the lifetime of an investment. Moreover, the impact of costs on the return on investment has to be illustrated.

    Currently, this information is not or only partly determined by settlement systems. Evaluations models for future costs in particular, have to be implemented independently from subsequent posting in back office systems. The great variety of fee models necessitates a highly flexible solution.

     

     

    m:Cost

     

    Our product m:Cost automatically calculates these amounts and considers any existing individual conditions of a customer. Furthermore, a company's best execution policy will also be evaluated in order to gain information such as trading centre and custodian. The reference data and assumptions required for this purpose can be stored in flexibly definable models and can be evaluated in a fully transparent and traceable way. Configurability via a script language allows for the representation of almost any cost structures and price models. All processes will, of course, be documented in an audit-proof way.

    Therefore, m:Cost enables financial service providers to cover the requirements concerning investor protection and disclosure of costs via a standardised and stable framework which meets all requirements of large financial institutions for operating a state-of-the-art infrastructure. This allows for traceable and clean implementation of cost transparency relating to investor protection.

     

     

    Free online panel discussion: investor protection and cost transparency under MiFID II (Article 24)

    We have hosted a 60 minute webinar discussion witin industry experts on investor protection and cost transparency under MiFID II (Article 24). Learn what Werner Schorn (Erste Group), Martin Hofer (Raiffeisen Bank International), Subbu Loganathan (Almeda Partners) und Wolfgang Göb (SDS) think about the challenges occurring with MiFID II cost transparency.

    Download the webinar for free and get valuable information on:

    • How does MiFID II cost-transparency influence the process of client advice?
    • Do financial institutions have the ability to calculate all costs expected from the investment ex-ante?
    • Are flat-fees a cost-effective alternative?
    • Can the obligation for MiFID II cost transparency be turned into a competitive advantage?

    Industry insight: MiFID II Article 24 - investor protection. Challenges and a way forward.

    In our 60-minute webinar the MiFID II experts Dr. Zsolt Wieland and Dr. Akos Ferenc Tisza-Papp (OTP Bank) as well as Dr. Wolfgang Göb (SDS) provide insights into the current market situation and information on how FIs can get ready for future tasks. Learn more about:

    • Regulatory set-up: Are you able to calculate all costs for ex-ante reporting?
    • Ex-post reporting: more than a simple report on actually posted costs
    • m:Cost: a flexible set of rules to be ready for future challenges (presentation of use cases)
    • Industry insight: handling of complex aspects concerning MiFID II Article 24 from the perspective of a leading international bank

    Get a free download now and learn more.

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    Event

    Annual Conference on Banking Technology: SDS showcasing i:Reg - the global player in International Tax Reporting. Explore i:Reg, our compelling International Tax Reporting Engine for CRS, FATCA and QI, with over 2,500 reporting FIs in around 100 countries worldwide and a coverage of more than 60 country-specific deviations. Inspired for more?

    Eventinfo
    04
    Dec
    2018

    Your advantages at a glance

    • MiFID II-compliant cost transparency for retail transactions

    • Full compliance with the rules of investor protection under MiFID II

    • Reporting of any explicit and implicit costs

    • Representation of scenarios to assess future costs

    • Full functional and technical integration into the advisory and information process

    • Multi-entity and multi-country capabilities

    HRVOJE KAJZER
    Senior Sales Manager

    I am happy to help you with any questions or provide a product demonstration for you!
    Tel: +43 676 88241 5182

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