FCA looks to scrap MiFID research rules on small-caps in UK competitiveness drive

FICC research also set for exclusion

Mike Sheen
clock • 2 min read
The FCA is proposing to change the existing inducement rules relating to research

The FCA is proposing to change the existing inducement rules relating to research

The Financial Conduct Authority (FCA) is considering scrapping MiFID rules on research for companies with a market cap of less than £200m as part of a package of proposals designed to "reduce the burden" on smaller investment firms and improve the competitiveness of UK financial services.

In a consultation paper published today (28 April), the FCA said it intended to amend rules "that are not achieving their objectives in an efficient way", amid its continued work with HM Treasury on capital...

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