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Q&A · ESMA

Inducements

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Read the official text on the ESMA website(opens in a new tab)
AI-generated Summary

Payments a firm receives for genuinely managing funds on delegation from a UCITS management company or AIF manager (or for advising them, or managing internally managed funds) are generally outside the inducement rules for its other clients unless the arrangement circumvents them, but the firm must still manage the resulting conflicts of interest.

Details

ReferenceESMA_QA_1858
IssuerESMA
Published18 Dec 2017
Answered18 Dec 2017
Submitted18 Dec 2017
ESMA topicsInducements (research)
Earlier Q&A documentESMA 35-43-349 MiFID II Q&As on Investor protection Ch.12, question 3