PLSA Consultation response – Consultation Paper 24/7: Payment Optionality for Investment Research

MiFID ii research unbundling requirements ended the global norm of bundling payments for investment research with execution and brokerage services. It is apparent that the restrictions which MiFID ii placed on firms obtaining investment research has had a negative impact. Our response is supportive of the FCA proposals for investment research payment which look to address the challenges caused by MiFID ii.