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...
AUM growth of 19% in first half of 2018
Move to improve access to institutional managers without a retail fund
Launching fund end of 2018
Purchased for undisclosed sum