FCA unveils tougher research payment transparency requirements under MiFID II

In its fourth and final consultation paper (CP16/43) on the implementation of the Markets in Financial Instruments Directive II (MiFID II), which will be implemented in January 2018, the FCA announced it has introduced a prior disclosure requirement and a periodic reporting requirement with regard to best execution, inducement and research, in order to make such information relevant to investors. The FCA said including such information in a way which is "relevant and useful" contributes to the transparency of the fund management process and helps investors judge whether their investment ...