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On 26 July 2024, in response to the UK Government's Investment Research Review on the effectiveness of the investment research market, the FCA published its final rules and guidance to permit the bundling of payments for investment research and trade execution. The final rules, which will take effect from 1 August 2024, will adapt the FCA's policy to evolving markets and better align with the regulatory position in the EU and US.
In this alert we explore the impact of the new rules and their policy rationale. The new regulations will primarily be of interest to UK and EU investment firms; however, UK investment managers (i.e., AIFMs and UCITS ManCos) should be aware that similar reforms may be applied to them in time.
Click here to read the full alert.
We want to thank Oliver Chinyere, trainee solicitor at Baker McKenzie, for his collaboration on this alert.
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