The UK government may drop the so-called “10 percent drop” rule, under a new consultation and proposed amendments to Mifid II.
An explanatory memorandum attached to the proposed legislation – The Markets in Financial Instruments (Capital Markets) (Amendment) Regulations 2021 – stated feedback from the portfolio management sector indicted the rule was “not useful”.
The amendmen...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
