Investment-research consultation might be first step to relaxing Mifid unbundling rules

18 July 2019 10:03pm
Asset managers forced to separate their spending on research and trading under EU rules have been asked by the bloc’s securities-market authority to give their views ahead of a 2020 review, in a consultation which could be the first step to relaxing those rules.

The move could also come to aid the EU in its efforts to improve capital-market finance for the small-business segment.

Add-on services — like providing information about companies — started as a way for brokers, forced to charge fixed execution fees, to compete. Prising apart something that had been an industry norm for more than a century has not proved easy.