Managers of UK small-cap equity funds fear the full force of recent MiFID II research rule changes have yet to hit the sector, including a further reduction in coverage and a negative impact on research quality.
MiFID II, which came into force in January 2018, requires buy-side firms to pay separately for "substantive", value-added research they receive from brokers, otherwise this would amount to an inducement...
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Ex-Standard life manager Angela Burns
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