The FCA’s latest proposal on ‘bundling’ payments for third party research and broker fees
Last month, the UK’s Financial Conduct Authority (“FCA”) proposed to allow investment managers to once again ‘bundle’ payments for third-party research and broker fees, reversing a key part of the EU’s Markets in Financial Instruments Directive (“MiFID II”). This proposal provides buy-side firms more flexibility on how they can purchase investment research. This move shows […]