inducement
Defined in Article 2, Commission Delegated Regulation (EU) 2017/2359
Definitions over time (1)
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26/04/2018 – today applies on 11/11/2026 Article 2, Commission Delegated Regulation (EU) 2017/2359 Scope: Whole act
For the purposes of this Regulation, the following definitions shall apply:
‘inducement’ means any fee, commission, or any non-monetary benefit provided by or to such an intermediary or undertaking in connection with the distribution of an insurance-based investment product, to or by any party except the customer involved in the transaction in question or a person acting on behalf of that customer;
Earlier definition records in this act (1)
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- Article 2(2) Historical · definitions end 26/04/2018