Knowledge Base

← Explain the nature of financial advice and the resulting obligations towards clients
scq

What is the fundamental difference between independent and non-independent advice under MiFID II?

What is the fundamental difference between independent and non-independent advice under MiFID II?

Independent advice does not require in-depth product knowledge
Non-independent advice prohibits receiving inducements
Independent advice must analyze a broad range of financial instruments without restrictions
Non-independent advice must always be free of charge for the client