MiFID

According to the final text, inducements can be freely placed from providers to financial advisers. Certain inducements will not even have to be disclosed to the client anymore, as long as “they enable the provision of the service and they do not give rise to conflict with the firm’s duties to act honestly, fairly and professionally”. This is clearly insufficient to tackle the underlying conflict of interest that continue to exist due to the commercialization of retail financial products. Guillaume Prache, Managing Director of EuroFinuse, sees "this as a worsening of the situation for retail investors in comparison to the first ".

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