Research by investment management consultancy firm Investit indicates that the new regulation requiring the unbundling and reporting of commission spent by the buy side on execution and research is putting pressure on fund managers to justify the sell-side research they are using.
As of January this year (following the publication of PS05/9 by UK regulator the Financial Services Authority), fund managers in the UK have to make known to clients what is being spent out of those clients’ commission on research and...
