The Committee of European Securities Regulators Provides Guidance to Investment Firms on Proper Practices for Inducements

Posted on July 29, 2010 by K&L Gates

By Anna Paglia and Mark R. Greer

The Committee of European Securities Regulators (“CESR”) published on April 19 a report  reviewing the good and poor practices on inducements (or compensation) exhibited by more than 150 regulated European investment firms (the “Report”).  The Report provides firms with a benchmark against current industry practices to measure their effectiveness in complying with the rules on inducements as stated in Article 19(1) of the Markets in Financial Instruments Directive (“MiFID”),  and in Article 26 of the MiFID implementing Directive 2006/73/EC (“Implementing Directive”).

To view the complete alert online, click here. 

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