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.
Thomas Furuseth, Analyst and Editor of Morningstar.no | Photo: PR: Morningstar
Thomas Furuseth, Analyst and Editor of Morningstar.no | Photo: PR: Morningstar

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.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading