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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IV - Commercialization - Customer Relations IV. 1 - General Provisions Doctrine Asset Management
Restitution of remuneration by a financial investment advisor to clients
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Applicable as of July 7, 2022 Rescrit DOC-2022-04
Download Viewed version Summary This rescrit follows a request from a financial investment advisor concerning the reimbursement by the advisor to its clients of remuneration received from portfolio management companies upon the subscription of SCPI shares.
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Legal notices: Publisher: The Director of the AMF Communication Department. Contact: Communication Department, Autorité des marchés financiers - 17, place de la Bourse - 75082 Paris Cedex 02