Progress so far on Mifid II research

Author: | Published: 27 Mar 2018

Over two months in, and the new rules are not having the impact they were initially expected to

Just over two months ago we entered a new era of financial reporting under the second Markets in Financial Services Directive (Mifid II). The new legislation, which came into force on January 3, was designed to make financial markets more efficient, resilient and transparent. It included the requirement to unbundle investment research from execution, a fundamental change to how the research market operates. Under the new regime, research must now be paid for separately by asset managers breaking from the traditional model whereby much of it has appeared to be provided free of charge, or at least bundled in with other costs such as trading commissions....