Q&A · ESMA
Inducements
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
Firms paying for research through a research payment account must disclose before the service both the research budget for the relevant group of portfolios and the estimated charge to each client, the latter as a single figure in both percentage (or basis points) and cash terms; a guaranteed maximum is allowed but a range is not.
Details
| Reference | ESMA_QA_1799 |
|---|---|
| Issuer | ESMA |
| Published | 4 Apr 2017 |
| Answered | 4 Apr 2017 |
| Submitted | 4 Apr 2017 |
| ESMA topics | Inducements |
| Earlier Q&A document | ESMA 35-43-349 MiFID II Q&As on Investor protection Ch 7, question 11 |
Provisions it relates to
- Article 24 MiFID II · General principles and information to clientsInferred · 85%
- MiFID II (whole act)Explicit reference