Q&A · ESMA
Inducements
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
From 3 January 2018 portfolio managers may not retain inducements, including ongoing payments for investments made before that date; only amounts accrued up to 2 January 2018 may be kept, and thereafter firms must pass payments to clients or end the arrangements.
Details
| Reference | ESMA_QA_1861 |
|---|---|
| Issuer | ESMA |
| Published | 23 Mar 2018 |
| Answered | 23 Mar 2018 |
| Submitted | 23 Mar 2018 |
| ESMA topics | Inducements |
| Earlier Q&A document | ESMA 35-43-349 MiFID II Q&As on Investor protection Ch 12, question 6 |
Provisions it relates to
- Article 24 MiFID II · General principles and information to clientsInferred · 90%
- MiFID II (whole act)Explicit reference