Europe prepares to roll back parts of MiFID to boost economic recovery
Plan is to loosen a key plank of regulation that forces investors to pay banks and brokerages for research separately from their trading fees
Brussels — The EU is planning to roll back landmark regulations on securities trading and investment research, arguing that softer rules on the finance industry are needed to help the economy recover.
An EU plan to be unveiled in the coming days would loosen a key plank of MiFID II (Markets in Financial Instruments Directive) that forces investors to pay banks and brokerages for research separately from their trading fees. The “unbundling” rules have been criticised for removing the incentive for analysts to produce research, especially on smaller stocks that struggle to attract the attention of investors...
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