'10% rule' revamp and disclosure harmonisation: Industry eyes key areas for 'MiFID III' overhaul

Managers consider next steps for directive

After a rocky start to the implementation of MiFID II, the investment industry has already begun to consider what the next iteration of the landmark directive could mean for their businesses and the regulation of European markets, with a number of key issues yet to be resolved.

Years of preparation for MiFID II, which came into force on 3 January, have not guarded firms against difficulties in its implementation, with areas of contention including fund transaction cost calculations,...