In the Margins

SEC puts off MiFID threat for now

October 27, 2017

By Bloomberg

The Securities and Exchange Commission put off the impact of new European financial rules on Wall Street after American brokerages warned that the changes would threaten their investment research businesses. In a statement Thursday, the SEC formally assured the brokerage industry that for 30 months it won’t take action against firms that break out the cost of market analysis for clients subject to European Union rules taking effect in January. The European Union will require that brokers charge separately for research, creating a conflict with U.S. regulations. Read the original story from Bloomberg.

 

 

Most Read

Top of the Agenda - Regulatory
In-person voting relief extended through year-end

Mutual fund boards can continue conducting business—including voting on contract approvals and renewals and other important matters—virtually through the end of 2020, according to the Securities ...

Top of the Agenda - Governance
Recruiting in the time of coronavirus

Mutual fund boards seem well on their way to mastering the art of conducting business virtually, but one area that may still be a challenge during ...