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T Rowe Price joins rivals in post-Mifid research pledge

Baltimore-based firm becomes third US asset manager in a fortnight to say it will bear the costs of third-party research under Mifid II

T Rowe Price joins rivals in post-Mifid research pledge

The $927bn asset manager T Rowe Price has become the latest big US investor to commit to paying for external analyst research ahead of new European rules coming into force at the start of next year.

Baltimore-based T Rowe Price said in a statement today that from January 3 — the date on which Europe's revised Markets in Financial Instruments Directive takes effect — it will pay for third-party investment research used by its UK-based subsidiary.

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