In the context of financial supervision, the term “benefits” according to § 70 para. 2 sentence 1 German Securities Trading Act (WpHG) includes commissions, fees and other monetary benefits as well as all non-monetary benefits. In addition, benefits must also be reported in the cost information as part of the service costs.
Pursuant to the BaFin’s benefits regime, investment service providers must disclose benefits received from other parties in connection with a service to the client in advance.