River and Mercantile latest to absorb research costs post-MiFID II
Groups firming up plans
Approach to research costs post-MIFID II
River and Mercantile is the latest fund group to confirm it will absorb the cost of external research when MiFID II comes into force in the coming weeks.
The Europe-wide regulations require research costs to be unbundled from trading costs and clearly identifiable when charged to a client, and is effective 3 January 2018. However, the majority of asset...
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