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Personal transactions and inducements: financial services

Updating author: Paul Ellison
Consultant editors: Nick Thorpe and Neil Johnston

Summary

  • Firms must maintain adequate arrangements to ensure that the personal transactions of their employees do not conflict with their duties to their customers. (See Personal transactions)
  • The Markets in Financial Instruments Directive II (2014/65/EU) (MiFID II) created a separate regime for personal transactions for firms carrying on MiFID business. (See Personal transactions)
  • The rules that apply to gifts and inducements for firms in relation to their non-MiFID business are different to those in relation to their MiFID business. (See Gifts and inducements)
  • Third-party research will not be an inducement if certain conditions are satisfied. (See Gifts and inducements)