One year on from the implementation of MiFID II, a survey of fund managers and mid and small-sized companies has found the new regulation has had a perceived "detrimental impact" on demand and liquidity for smaller stocks.
The survey, commissioned by broker Peel Hunt and The Quoted Companies Alliance, found almost three-quarters (70%) of the 102 fund managers questioned said their access to research providers had decreased as a direct result of the regulation. More than half (56%) meanwhile believed they were worst off as a result. Of the 105 UK quoted companies also surveyed, one quarter (25%) said the second iteration of the Markets in Financial Instruments Directive (MiFID II) had had a negative impact on their business. Furthermore, two-fifths of businesses (41%) and almost two-thirds (63%) of the p...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
