MiFID II, Corporate Access & the “broker exemption”: Question Time - Capital Access Group

Capital Access Group has published a further report on the potential impact of MiFID II on capital market communications. This study is a continuation of its investor perception surveys which, to date, have secured the views of over 200 fund managers. The third quarter survey asked for intentions towards corporate access provided by brokers.

Capital Access Group’s (CAG) Q3 continues the survey of investor opinion which has now received responses from over 200 fund managers in 2017. It highlights that fund managers are reluctant to pay brokers for meetings with their corporate clients. Over 90% indicated that they would not pay for meetings with existing holdings while 75% said that would not pay to meet new companies. Those who would pay thought that these meetings were worth less than £250. Investors are confused over the apparent “broker exemption”, said to allow brokers to arrange meetings without funds paying. CAG’s interpretation of this exemption under MiFID II is that it is limited to meeting existing shareholders and then only to update on current news.

If you would like further information please contact:

Ian Barbour
Head of Business Development
Capital Access Group

DL: 020 3763 3431
M: 07979 906353
E: ian.barbour@capitalaccessgroup.co.uk
W: www.capitalaccessgroup.co.uk
 

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About Capital Access Group
Capital Access Group (CAG) is the leading independent provider of corporate access for UK companies. It has been advising companies on their effective engagement with investors for almost twenty years. Working with clients from the FTSE 100 to AiM, CAG has developed a range of services, encompassing investor targeting, corporate access, perception studies and investment research.

Published 17 November, 2017

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