(Editor’s Note: U.S. securities firms breathed a collective sigh of relief when the SEC in late October decided to pause for 30 months the MiFID II unbundling stipulation. The controversial E.U. market reform specifies that buy-side firms unbundle the money they pay for research from the money that they spend on execution via sell-side firms…. Read More >>
SEC Pauses MiFID II Unbundling for 30 Months
The SEC, after consulting with European Union authorities, has issued three no-action letters intended to pause for 30-months some of the burdens associated with the MiFID II stipulation that firms unbundle research, a new requirement hitting home for many U.S. securities firms. However, SEC Commissioner Kara M. Stein, a Democrat on the commission, says that… Read More >>
