Europe Unbundles Research and Execution

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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 states of the

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