Mifid II clock ticking with little clarity on PB charging model

Investment banks and UK regulator appear at odds over charging for cap intro and consultancy

Most of the debate over Mifid II’s tough inducement rules has quite rightly focused on the unbundling of research costs. The new regime, which from January 2018 will force managers to either pay for research themselves or set up new Research Payment Accounts within their funds and paid for by