Fund managers back easing of MiFID II research rules - reports

EC proposes small cap and fixed income exemption

European fund managers have backed plans from the European Commission (EC) to roll back the MiFID II requirement to pay for fixed income and smaller companies research.

In efforts to boost Europe's economic recovery and ease trading conditions, the EC proposed on Friday (24 July) from next year a series of regulatory changes, including removing the requirement to unbundle the cost of research from trading costs with the sell side for certain assets. MiFID II 'unbundling' rules working well for investors - FCA The EC said that MiFID II, which has led to the smaller companies research market all but collapsing, should no longer cover companies with an equity market capitalisation of less than €1bn from the unbundling requirement, according to the Finan...