Investment trusts avoid automatic 'complex' definition under MiFID II

Welcomed by the AIC

Daniel Flynn
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Investment trusts avoid automatic 'complex' definition under MiFID II

The Financial Conduct Authority (FCA) has confirmed investment company shares will not be automatically considered "complex" under MIFID II.

In its third consultation paper on the Markets in Financial Instruments Directive II (MiFID II) the FCA said investment trusts will neither be considered automatically non-complex, nor automatically complex....

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