Q&A · ESMA
Inducements
Answered
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Payments an investment firm receives from a UCITS management company or AIF manager for marketing its funds are inducements under MiFID II where the firm also provides investment services to its own clients in those funds, so the quality-enhancement and other Article 24(9) conditions apply; the same goes for internally managed funds.
Details
| Reference | ESMA_QA_1859 |
|---|---|
| Issuer | ESMA |
| Published | 18 Dec 2017 |
| Answered | 18 Dec 2017 |
| Submitted | 18 Dec 2017 |
| ESMA topics | Inducements |
| Earlier Q&A document | ESMA 35-43-349 MiFID II Q&As on Investor protection Ch 12, question 4 |
Provisions it relates to
- Article 24 MiFID II · General principles and information to clientsInferred · 95%
- MiFID II (whole act)Explicit reference