MiFID II rules requiring fund managers to report forecast trading costs based on a fixed point in the day, including market movements, inflates true trading prices, a consultant has argued.
Since the implementation of the latest Markets in Financial Instruments Directive (MiFID II) regulation research has highlighted an increase in ongoing costs (OCF) reported on funds, due to ex-ante - or...
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Client procurement costs ‘unsustainable’
Only 9,486 applied for the benefit in 12 months