19 Jun 2018
Britain’s regulator will launch an investigation into the impact of new European Union rules on the asset management industry after concerns were raised about how they affect the pricing of investment research and other issues.
The change in rules was aimed at pushing more stock trading onto regulated public exchanges, where prices are visible to all, and giving retail investors more information about potential investment returns.
The rules – the Markets in Financial Instruments Directive II (MiFID II) and the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation – for some funds, came into force in January.
The head of the Financial Conduct Authority (FCA) said PRIIPs risked having a detrimental impact.
– By Huw Jones, Simon Jessop, Reuters, 18 June 2018.
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