The Financial Conduct Authority has proposed a new way for asset managers to pay for investment research, as part of the government’s Edinburgh Reforms.
In a consultation paper published today (10 April), the regulator said the plans aim to give UK buyside firms greater flexibility, by proposing a new regime that would allow the ‘bundling' of payments for third-party research and execution services. This option would exist alongside those already available, such as payment from an asset manager's own resources or from a dedicated account. The move comes in response to the government-commissioned Independent Research Review, chaired by Rachel Kent, which last summer set out recommendations to improve the investment research market. ...
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