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Asset Managers Set to Miss Mifid II Deadline on Research 

May 8, 2017

Dave Baxter, FT Advisor

Asset managers have been told they are rapidly running out of time to finalise approaches to Mifid II rules on dealing commission, leaving fund selectors uncertain of how changes will impact management fees.

With eight months to go until Mifid II regulation triggers an unbundling of research costs from trading fees, fund managers have begun to set out whether they plan to absorb these charges themselves or continue to pass them onto investors.

The likes of First State, M&G and Jupiter have said they will account for the charges on their own balance sheet, while Henderson, Man Group and Amundi are among those to have plumped for the second option.

But specialists have suggested many firms have left it too late to have effective practices in place by January 1 2018. 

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