The Financial Conduct Authority (FCA) has unveiled tougher transparency requirements around the presentation of research payment information under MiFID II in order to ensure it is "relevant and useful" to retail investors and can enable them to better judge whether they are receiving value for money.
In its fourth and final consultation paper (CP16/43) on the implementation of the Markets in Financial Instruments Directive II (MiFID II), which will be implemented in January 2018, the FCA announced it has introduced a prior disclosure requirement and a periodic reporting requirement with regard to best execution, inducement and research, in order to make such information relevant to investors. The FCA said including such information in a way which is "relevant and useful" contributes to the transparency of the fund management process and helps investors judge whether their investment ...
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