Code of conduct unveiled for MiFID II research unbundling

Targets buy-side best practice

A code of conduct to help asset managers observe best practice following the introduction of MiFID II research unbundling rules is set for launch, Investment Week has learned.

The code, established by five research service providers, aims to ensure fair valuation and pricing of research when new requirements come into force in January 2018. MiFID II demands that managers are transparent in their acquisition of research, detailing to regulators and investors the cost, source, and value of research. MiFID II Blog: All the latest developments from across the industry Managers must also decide whether to pay for research themselves, through their own P&L, or continue to charge investors through a research payment account (RPA). Under the RPA route, manage...