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Europe adopts new Mifid II research rules

First delegated act passes through European Commission, which says others will be processed 'in the coming months'

The European Commission has approved the first delegated act under Mifid II
The European Commission has approved the first delegated act under Mifid II

European regulators have finally agreed new rules that will prevent brokers from bundling the cost of research together with their trading fees, one of the most controversial parts of a wide-ranging review of the continent’s trading rulebook.

The European Commission on April 7 adopted the first of several outstanding delegated acts for the revised Markets in Financial Instruments Directive, known as Mifid II, which is set to come into force in 2018.

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