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Asset Managers Pay Research Costs To Meet MiFID, EY Says

Law360, London (June 13, 2018, 4:56 PM BST) -- More than two thirds of U.K. asset managers intend to pay for research on investment themselves rather than charging their clients under new rules governing the European Union’s financial markets, a Big Four accountancy firm has said.

Ernst & Young LLP said on Tuesday that 69 percent of U.K. asset management firms plan to foot the bill to meet so-called research unbundling requirements under the European Union’s revised Markets in Financial Instrument Directive, known as MiFID II, which came into force in January.

When EY asked asset managers...
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