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---
title: "ESMA Q&A 1792 — Q&A — Inducements [Answer Published]"
shortTitle: "ESMA Q&A 1792 — Q&A — Inducements [Answer Published]"
answer_id: ESMA_QA_1792
topic: "Inducements (research)"
status: "Answer Published"
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instrument_type: qa
authority: ESMA
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legal_status: in_force
regulation: "MiFID II"
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date: 16 December 2016
source_link: https://www.esma.europa.eu/publications-data/questions-answers/1792
lifecycle: "Answer Published"
text_version: "ESMA Q&A register, 16 December 2016"
source_url: "https://www.esma.europa.eu/publications-data/questions-answers/1792"
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---

**Answer by ESMA, published in its Q&A tool · not legislation · published 16 Dec 2016 [Answer Published]**

*Answer Published · ESMA Q&A register, 16 December 2016 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/1792)*

| | |
|---|---|
| **Full title** | ESMA Q&A 1792 — Q&A — Inducements \[Answer Published\] |
| **Prepared by** | ESMA |
| **Published by** | ESMA, in the ESMA Q&A tool |
| **Reference** | ESMA_QA_1792 |
| **Document type** | Q&A |
| **Legal nature** | Not legislation |
| **Addressees** | Not stated in the document |
| **Dates** | Published 16 December 2016; question submitted 16 December 2016 |
| **Legal basis** | MiFID II |
| **Related instruments** | None recorded |
| **Text on this page** | Word for word — the full text of the ESMA publication |

**Inducements**

### Question

Can investment firms accept research from third country providers that are not subject to the MiFID II requirements?

***

### Answer

\[ESMA 35-43-349 MiFID II Q&As on Investor protection Ch. 7, question 4\]

EU/EEA firms subject to MiFID II inducements rules must comply with these requirements (Article 24, paragraphs (7), (8) and (9), and the relevant level two provisions) irrespective of the status or geographical location of the research provider. Alternatively, they could receive research using the paying arrangements set out in Article 13 of the MiFID II Delegated Directive.

Firms should therefore treat research from a third country provider in the same way as any other third party benefits (see Q&A 3 above). \[Q&A 1791\]

***

**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/1792)