Q&A · ESMA
Inducements
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
Payments a firm receives for genuinely administering funds on behalf of a UCITS management company or external AIF manager are generally outside the MiFID II inducement rules, even if it also provides investment services in those funds, unless the delegation is not legitimate or effective.
Details
| Reference | ESMA_QA_1860 |
|---|---|
| Issuer | ESMA |
| Published | 18 Dec 2017 |
| Answered | 18 Dec 2017 |
| Submitted | 18 Dec 2017 |
| ESMA topics | Inducements (research) |
| Earlier Q&A document | ESMA 35-43-349 MiFID II Q&As on Investor protection Ch 12, question 5 |
Provisions it relates to
- Article 24 MiFID II · General principles and information to clientsInferred · 90%
- MiFID II (whole act)Explicit reference