→ 14. Inducements And Payment For Research. → Rozpocznij Naukę / Ściągnij Fiszki MP3

Pytanie		Odpowiedź
Inducements rules appply to MiFID business and partly to non-MiFID business. The rules only apply to professional clients and retail client. Who is not be subject to the detailed inducement provisions? rozpocznij naukę		ECP business Eligible Counter Party
Inducements. Minor non-monetary benefits are permitted to be received, but it must be... rozpocznij naukę		... disclosed prior to the provision of the relevant service to the client. e.g. a gift from a Pension fund.
The inducements rules should be seen as payment rule, as it prohibits any payment, unless... rozpocznij naukę		... unless expressly permitted.
In relation to MiFID business, firms are prohibited from paying or accepting any fees other than...? 3 >>MP3<< rozpocznij naukę		Management fees, \| Proper fees, \| 3rd party fees. >>MP3<< fees, commissions or non-monetary benefits paid by or to the client\| **necessary (eg, custody costs, legal fees, settlement fees), \| fees paid by third party
Management fees, Proper fees* and 3rd party fees are permissible only if they do not impair compliance with... custody costs, legal fees, settlement fees rozpocznij naukę		... duty to act in the client’s best interests also: enhance the quality of the service, \| disclosure.
The inducements rules have not been fully implemented for Non-MiFID business. What test must be satisfied in relation to 3rd-party payments? rozpocznij naukę		Compliance test. the other two tests - disclosure and enhancement - do not apply.
Firms which produce research must apply a identifiable charge for research when providing it to an entity that is not permitted to receive research for free, that is a firm that is either providing portfolio management services or rozpocznij naukę		... provides advice to a retail.

14. Inducements and Payment for Research.

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