Author: Karen Cooper

EU legislators agree to allow optional rebundling of payments for investment research and execution

EU legislators have agreed a package of reforms (the Listing Act package) which includes changes to the MiFID II investment research rules. Importantly, the amendments will re-introduce the ability for firms to rebundle payments for investment research and execution services. Firms will need to put in place a research payment policy if they wish to rebundle research and execution payments, and there will be new disclosures to clients on whether or not rebundling will occur (amongst other requirements).