trending Market Intelligence /marketintelligence/en/news-insights/trending/bd0rH6PiLoysrTl0UGZH4A2 content esgSubNav
In This List

Report: SEC to grant relief to companies affected by MiFID II


S&P Capital IQ Pro | Powering Your Edge

Case Study

A Prestigious Global Business School Gains a Competitive Edge


S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights

Report: SEC to grant relief to companies affected by MiFID II

The U.S. Securities and Exchange Commission is planning to provide relief to financial firms that will be affected by the European Union's revised Markets in Financial Instruments Directive, or MiFID II, Bloomberg News reported Oct. 18, citing "three people familiar with the matter."

The agency is expected to issue no-action letters by the end of October, the news outlet added. The no-action letters will ensure that the SEC will not sue companies that will separately charge their European clients for investment research services, instead of bundling them together with other services.

Under the revised EU rule, the companies are required to charge separately for research and market analysis services — a move that could violate U.S. regulations, the news source wrote.

The SEC is also expected to provide relief for mutual funds, Bloomberg added.

MiFID II will take effect in January 2018.