The market for fixed income research won a temporary reprieve from the impact of Mifid II on February 10 this year when the European Commission proposed a delay to the new regulation to take account of ‘exceptional technical implementation challenges faced by regulators and market participants’.
While the research market breathed a collective sigh of relief at the one-year postponement, the changes to research that Mifid II will bring are still a serious challenge that fund managers should be addressing urgently.
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