Research Best Practice

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Moves toward unbundling execution and research could improve how research is distributed. By John D. Meserve, BNY Research, Commission & Payment Services

The Age of Unbundling has begun in the UK. New proposed FSA rules, published on March 31, 2005, promote Commission Sharing Arrangements, enabling money managers to split commissions between their executing broker and research providers. At the same time, the Investment Management Association is preparing a new disclosure regime, effective in

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