MiFID II

MiFID II rules which classify non-UCITS funds as 'complex' products could force multi-asset vehicles to change structure and restrict their investment horizons.

The Financial Conduct Authority (FCA) is seeking feedback on a possible ban on rebates from discretionary fund managers to clients as it develops its response to forthcoming MiFID II legislation.

The Financial Conduct Authority is to launch a market study on the asset management industry and the charges it levies upon investors, with adviser inducements and non-advised sales also set to come under scrutiny in the coming months.

The Financial Conduct Authority (FCA) has said European dealing commission reforms will benefit fixed income funds, but market participants remain uncertain of the impact of the changes.

The FCA has published a feedback statement on dealing commissions, saying it strongly supports ESMA's recommendations and wants to implement its own rules alongside MiFID II.

Consensus on disclosure still a way off

European rules requiring greater disclosure of portfolio costs could apply to fund managers sooner than expected if regulators decide to clear up inconsistencies in existing sets of proposals.

Rathbone Unit Trust Management's CEO Mike Webb talks about pension reforms, the upcoming MiFID regulation and the value-added aspect of active management.

The European Securities and Markets Authority (ESMA) has released its final technical advice on the implementation of MiFID II, covering the use of dealing commission, derivatives, and high frequency trading.

'Charges debate is about value as well as clarity'