A number of investment trust research providers have unveiled details of the services they will offer for different clients once MiFID II comes into force on 3 January, with the legislation considered a game-changer for the sector.
Under the new rules, sell-side firms need to provide buy-side clients with unbundled costs of trading, separately identifying and charging for execution, research and other advisory services. Buy-side firms must unbundle the cost of research from value or volume of transactions, and agree a research budget to be paid up front, with a price correlated to the quality and value it would provide to end clients. MiFID II blog: Industry progress as 2018 deadline approaches This budget can be done through their own P&L or a research payment account (RPA), supported by a commission sharing...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
