Q&A · ESMA
Inducements
Answered
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Inducements received by independent advisers or portfolio managers are a liability of the firm until passed to the client as soon as reasonably possible, as Article 12(1) of the Delegated Directive requires; client terms should set out how and to which account they are transferred and their status on insolvency.
Details
| Reference | ESMA_QA_1857 |
|---|---|
| Issuer | ESMA |
| Published | 10 Nov 2017 |
| Answered | 10 Nov 2017 |
| Submitted | 10 Nov 2017 |
| ESMA topics | Inducements (research) |
| Earlier Q&A document | ESMA 35-43-349 MiFID II Q&As on Investor protection Ch. 12, question 2 |
Provisions it relates to
- Article 24 MiFID II · General principles and information to clientsInferred · 90%
- MiFID II (whole act)Explicit reference