Regulatory AlertsDOC-2022-04 Restitution of remuneration by a financial investment advisor to clients
The Autorité des marchés financiers (AMF) issued Rescrit DOC-2022-04 to address a request from a financial investment advisor regarding the return of remuneration received from portfolio management companies. The document clarifies the regulatory framework for advisors returning commissions or fees to clients, specifically in the context of subscribing to SCPI shares. It establishes the AMF's doctrine on the permissibility and conditions of such restitution practices.
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