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ARTICLE · 23 APRIL 2024

Consultation On Payment Optionality: A Bundle Of Joy?

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The FCA has published a consultation paper (CP24/7) on Payment Optionality for Investment Research. This sets out the regulator's considered proposals in the light of one...

United KingdomFinance and Banking
Travers Smith LLP
Travers Smith LLP
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The FCA has published a consultation paper (CP24/7) on Payment Optionality for Investment Research. This sets out the regulator's considered proposals in the light of one of the recommendations from the Independent Research Review (IRR) – i.e. that buy-side firms should have the option - once again - of being able to buy research on a bundled basis, subject to certain conditions. The MiFID II requirements to separate charges for execution from charges for research were perceived as having had an adverse impact on the provision of investment research in the UK.

  1. Will this be the return of the "good old days" of bundled payments?
  2. Who this will be relevant to
  3. The proposal
  4. Building the "guardrails"

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