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+Article 13 2. |
Article 13 2.Member States shall ensure that investment firms that choose to pay separately for execution services and research and that operate a research payment account as referred to in paragraph 1, shall provide, upon request of their clients or of competent authorities all of the following:
(a)
a list of the providers paid from that research payment account;
(b)
the total amount those providers were paid over a specified period;
(c)
the benefits and services received by the investment firm from those providers;
(d)
how the total amount spent from the research payment account compares to the budget set by the investment firm for that period, noting any rebate or carry-over if residual funds remain in the account. For the purposes of paragraph 1, point (a), Member States shall ensure that the estimated research charge is:
(a)
only based on a research budget set by the investment firm for the third-party research necessary for the provision of investment services to the clients of that investment firm;
(b)
not linked to the volume or value of transactions executed on behalf of the clients. 1. Übersicht
1.1 Referenzen1.2 Identifizierte Anforderungen1.3 Zugehörige Standards2. Identifizierte Anforderungen
3. Zugehörige Standards
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