Further reforms to MiFID II research rules - a worthwhile move?

A 'Brexit benefit'?

As part of the government’s Edinburgh Reforms, intended to make UK financial services more internationally competitive, Chancellor Jeremy Hunt promised a review of investment research rules.

Reforming MiFID II rules on investment research was seen as a potential ‘Brexit benefit', expanding the volume and diversity of research available to investors. After a call for evidence in April, the review is due to conclude in June. Under MiFID II, introduced in 2018, investment managers were not permitted to accept free research from firms providing them with trade execution services. Firms that provide research and execution services were forced to ‘unbundle' them, charging separately for each service. SIF 2023: SFDR has 'changed thinking' around private capital investment In ...