Majority of managers will not be compliant with MiFID II until Q4 or later

Data from polling company Survation

Some 85% of asset managers will not be compliant with MiFID II rules until the fourth quarter of 2017 or even later, according to a survey by polling company Survation.

The figure is up from just over 50% in an identical poll carried out in the second quarter of 2016, as the industry approaches the January 2018 deadline. Survation's poll of 562 managers, representing 450 firms with up to $100bn in AUM, also found that around 40% are yet to make a decision on how they will handle the directive's research unbundling requirements. However, 60% of respondents said they had already set or begun to set their research budgets and making decisions about which payment method to use, such as a transactional RPA, an RPA funded by a direct charge to the client, ...