(3)Commission Delegated Directive (EU) 2017/593 3 only details requirements associated to a joint payment for execution and research services. It is necessary to reflect the fact that investment firms are now allowed to choose to pay jointly or separately for those services and that in both cases, requirements in terms of quality assessment of the research should apply.
Recital 3
- 3 Commission Delegated Directive (EU) 2017/593 of 7 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits ( OJ L 87, 31.3.2017, p. 500 , ELI: http://data.europa.eu/eli/dir_del/2017/593/oj ). ↩