Paying It Forward: The New Era of Investment Research
Fundamental change is coming to how research is paid for under new European rules, and the impact cannot be underestimated.
The driving force behind the revised Markets in Financial Instruments Directive (Mifid II), which comes into force in a little under three months’ time, has always focused on increasing market transparency and investor protection. However, the reality of implementing and maintaining compliance with such a broad directive has left many market participants on both sides of the Street scrambling to get their houses in order.
Arguably the most complex element of the new trading rules are those
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