Some 85% of asset managers will not be compliant with MiFID II rules until the fourth quarter of 2017 or even later, according to a survey by polling company Survation. The figure is up from just over 50% in an identical poll carried out in the second quarter of 2016, as the industry approaches the January 2018 deadline. Survation's poll of 562 managers, representing...
Figures show 85% of asset managers will not be Mifid II-compliant until Q4 2017 or even later, despite the January 2018 deadline, according to a survey by Survation. That's up from 40% in a poll carried out in Q2 2016. The new poll questioned 562 managers at 450 firms with up to $100bn in assets under management and found 60% were setting up research budgets, but more than one-third had not decided how they would charge for research. The survey also revealed about 50% have yet to decide how they will handle the forthcoming regulations' research unbundling requirements.