FCA Publishes Third MiFID II Consultation Paper
Originally published by the Financial Conduct Authority (FCA), 29th September 2016
The Financial Conduct Authority (FCA) has today (29 September 2016) published its third consultation paper on the implementation of the revised Markets in Financial Instruments Directive (MiFID II).
Some interesting points made in the consultation paper included:
‘a transparent, priced research market emerges where recipients and providers establish upfront pricing based on agreements linked to the quality and quantity of goods and services to be supplied, and the expected benefit to investors’
‘New third party business models may also include platforms facilitating the distribution, pricing and sale of third party research.’
‘We have already seen examples of new intermediary platforms facilitating buy-side access to priced research products or subscriptions from a range of service providers, which help both buy-side firms to access research on a priced basis and allows independent providers a distribution channel through which to advertise and sell their products and services.’