September 19, 2019 / 9:31 AM / a month ago

UK watchdog says new stocks research rules working well

LONDON, Sept 19 (Reuters) - New European Union rules to inject more transparency into how stock and bond research is sold are saving money for investors and have not materially cut coverage of smaller firms, Britain’s Financial Conduct Authority (FCA) said on Thursday.

The EU rules, known as MiFID II, were a major reform for securities markets. “The FCA finds MiFID II research unbundling rules working well for investors,” the watchdog said following a review of the rules. (Reporting by Huw Jones; Editing by Toby Chopra)

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