The Financial Conduct Authority (FCA) could be set to crack down on a growing number of brokers attempting to circumvent MiFID II rules by providing research for free to all buy-side firms including asset managers, a senior financial lawyer has said.
Financial regulation counsel at Ropes & Gray John Young said the regulator will be forced to respond to the trend of brokers making their research available to all firms, as MiFID II rules experience "an...
High conviction approach
Effective from mid-July
Managers who have 'seen it all'
Decision expected 20 June
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