MiFID II 'unbundling' rules working well for investors - FCA
'Saving millions' for investors
Before the introduction of MiFID II, research costs were often ‘bundled' into transaction fees born by investors' funds, with firms not adequately controlling how much of their clients' money was being used to pay for research.
MiFID II research 'unbundling' rules have improved asset managers' cost accountability and saved millions for investors, according to research from the regulator.
In a review published today (19 September), the Financial Conduct Authority (FCA) said the Markets in Financial Instruments Directive's (MiFID II) research unbundling rules are working for investors. ...
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