Q&A · ESMA

Inducements

Rejected

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AI-generated Summary

Asked whether the investment firm or the third party it pays (such as a law or accounting firm) must provide the quality enhancement required for inducements under Article 24(9) MiFID II. ESMA rejected the question, so there is no answer.

Details

Reference	ESMA_QA_2708
Issuer	ESMA
Published	3 Dec 2025
Submitted	3 Dec 2025
ESMA topics	Inducements

Provisions it relates to

Article 24 MiFID II · General principles and information to clients
MiFID II
Explicit reference · 90%
MiFID II (whole act)
Explicit reference

Documents it refers to

Delegated actIn forceExplicit reference
Commission Delegated Directive (EU) 2017/593 of 7 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits
European Commission · 31 Mar 2017 · EUR-Lex
AI summaryThe MiFID II Delegated Directive on safeguarding client financial instruments and funds (deposits, use of client assets, title transfer collateral, a single officer responsible, auditor reports), product governance duties for manufacturers and distributors, and inducements, including rules for independent advice, portfolio management and research. Since amended, including by Delegated Directives 2021/1269 (sustainability) and 2026/374 (research payment).