Europe Unbundles Research and Execution


On April 7, 2016, when the delegated acts supplementing Mifid II were published, it became clear that the European regulators had at least one obvious target: to change the market’s landscape in Europe once and for all. The directive was welcomed by the majority of the buy side, as the unbundling of research and execution was a long and complex undertaking.  Now, the market’s attention has turned to 2018, when the directive will become an official regulation in the 28 member