MiFID II

Expected to cost firm under $5m

Key regulation of financial services

Research costs to be taken by business

Responding to greater regulatory pressures

Which characteristics should groups look out for?

Regulatory burden 'insurmountable'

Published earlier this month

New MiFID II rules

Comes into force on 3 January 2018

The MiFID II regime will have ramifications for buy-side global asset managers and sell-side research providers relating to use of dealing commissions and cost allocation for research expenditures, writes William Yonge, private investment funds partner...