Art. 24(7)(b) of MiFID II Art. 24(8) of MiFID II Art. 24(9) of MiFID II
Does an investment firm receiving a payment for the marketing of on e or more investment funds from a UCITS management company or an AIF Manager have to comply with the MiFID II inducements requirements in relation to these payments, when the investment firms provides investment services to other clients that relate to those same investment funds?
Answer 4
As explained in Question 3, it is important to determine if the payments received by the investment firm for the provision of the function of marketing can be said to be paid in relation to , or in connection with, the provision of investment ser vices to its clients when these services concern the UCITS or AIFs marketed.
ESMA considers that the function of marketing of UCITS or of AIFs, on the one hand, and the provision of investment services with regard to the same UCITS or AIFs by an investme nt firm to its own clients, on the other hand, are closely relate
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