European Commission Decision on Unbundling the Payment for Research with Commissions

Special Presenter: Duncan Higgins, ITG

Who are the parties involved on Unbundling Commissions in Europe?
European Council & European Parliament
European Commission, “EC” European Securities and Markets Authority, “ESMA”
Financial Conduct Authority, “FCA”

What are the key terms?
Research Payment Account, “RPA
Technical Advice
Delegated Acts

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