Q&A · ESMA
Inducements
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
A research budget for a research payment account may be set for a group of client portfolios with sufficiently similar mandates and research needs, such as at desk or strategy level, but each client must still bear a specific research charge allocated fairly, and the approach must be documented and disclosed in the research policy.
Details
| Reference | ESMA_QA_1789 |
|---|---|
| Issuer | ESMA |
| Published | 10 Oct 2016 |
| Answered | 10 Oct 2016 |
| Submitted | 10 Oct 2016 |
| ESMA topics | Inducements |
| Earlier Q&A document | ESMA 35-43-349 MiFID II Q&As on Investor protection, Ch. 7, question 1 |
Provisions it relates to
- Article 13 MiFID II · AssessmentExplicit reference · 90%
- MiFID II (whole act)Explicit reference