September 2017, Publication

Vague research costs rules are complicating MiFID II implementation


AF Advisors’ analyst Anne Kuijken published an article on Fondsnieuws about research unbundling under MiFID II.

MiFID II requires brokers to charge for the research costs separately. Brokers are no longer allowed to include these in the transaction costs. The regulation is not always clear and the proposals from the research providers are still changing which complicates the implementation.

The free research for European investment management companies will no longer be allowed under MiFID II. Anne writes that it is worthwhile to keep the overall purpose of MiFID II in mind while creating solutions.

Read the full article in Dutch here.

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