EU watchdog reviews funds sector costs on customers By Reuters

Wealth managers head to Singapore as China concerns dim Hong Kong

LONDON (Reuters) – The European Union’s markets watchdog launched a review on Wednesday to check if customers in the bloc’s 10.8 trillion euro investment funds sector are being overcharged. The European Securities and Markets Authority (ESMA) said its joint review with national regulators in the EU27 will assess the compliance of funds with the “obligation of not charging investors with undue costs”.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Source link