MiFID II

Focus on compliance, fees and risk

Could leave them unable to compete with larger players

Edison, which produces insightful analysis of closed-ended funds and other listed equities, last week released an excellent report entitled The Future of Equity Research, co-authored with an analyst from Bloomberg.

Need for more regulation

Welcomed by the AIC

Surveyed investment banks and asset managers

Found 'excessive' use of non-monetary benefits

Third consultation paper

Rules out extending remuneration rules across industry

Will support fund buyers with new regulatory requirements