Regulatory AlertsRestitution of remuneration by a financial investment advisor to clients
The French Financial Markets Authority (AMF) issued Rescrit DOC-2026-02 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 refunding commissions to clients when subscribing to SCPI shares. It establishes the applicable rules under Articles 314-13 to 314-20 and Article 325-16 of the General Regulation.
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