Norwegian FSA needs clear definition of "value-adding", Morningstar analyst argues
As part of MiFID II, Norwegian fund managers, like the rest of Europa, must have value-adding services to receive commissions from others than the customers. The Norwegian FSA, however, has yet to give a clear definition of what "value-adding" means.
The Financial Supervisory Authority of Norway (FSA) has stated that the Norwegian investment firms must add value to receive compensations from others than their customers. This is also known as kickbacks. This is a consequence of MiFID II.
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