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MIFID II
A NEW REGULATORY ENVIRONMENT
The most significant regulatory change in the financial markets since the Big Bang, MiFID II is the EU’s post-crisis response to financial regulation – an update and extension of MiFID I. We have a proactive and positive approach to regulation and have produced this content to summarise the expected changes. Please be aware that MiFID II is still subject to ongoing regulatory guidance, so the views here may change and should not be used in place of internal guidance.
The Impact
Tougher scrutiny
Asset managers will need to be transparent on research spend, placing more scrutiny on the brokers they use.
Fewer brokers engaged
MiFID II could lead to a decline in research spend by up to 30% by 2020 (S&P)
Fewer analysts spoken to
Increased pressure on research budget means fewer analysts will be spoken to, so only the most relevant will survive.
Peel Hunt’s response
Committed team
We have a firm-wide MiFID team, at any time comprising up to 10% of our total staff.
Focus on what matters
We are focused on key regulatory themes affecting us and our clients.
Continued quality and relevance
Peel Hunt research is ranked 1st with the institutional fund managers and wealth managers in the UK and continental Europe.
KEY THEMES
Explore our articles on the main topics surrounding MiFID II, for a deeper insight into our approach to the new legislation.
This web-page is directed at professional investors only. Persons who are not professional investors should not refer to this web-page. This web-page is for informational purposes only, represents Peel Hunt LLP’s current views and is subject to change without notice. None of Peel Hunt LLP or any of its partners, officers, employees or agents accept any responsibility or liability whatsoever for any loss however arising from any use of this web-page.