Tags: MiFID II

MiFID II: North American Manager & Broker Dealer

STA Open Call – March 2, 2017 – Call Notes1
MiFID II: North American Manager & Broker Dealer
Presenter: Tom Conigliaro, IHSMarkit

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IHS Markit on MiFID II

The unbundling of research and execution requirements under MiFID II are less than a year away from being implemented. This event with its competitive and regulatory effects, is likely to impact asset managers in North America and not just those in Europe.

IHS Markit reviewed the requirements for European asset managers and discuss the likely impact on North American asset managers and their expectations from broker dealers in such areas as; payment for research, best execution and transparency. Additionally, what role, if any does the SEC have in creating a MiFID II reporting regime in the US will be covered.

*Please note that content covered on this Open Call is specifically geared towards North American broker dealers and small to mid-size asset managers (as defined by <$50bln aum).*


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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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