Figures show 85% of asset managers will not be Mifid II-compliant until January 2018 or even later, despite the Q4 2017 deadline, according to a survey by Survation. That's up from about 50% 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 40% have yet to decide how they will handle the forthcoming regulations' research unbundling requirements.
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 about 50% 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 40% have yet to decide how they will handle the forthcoming regulations' research unbundling requirements.