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Komfie Manalo, Opalesque Asia:

A survey by independent broker and financial technology provider ITG has found that North American institutional investors and asset managers are adapting to the regulation shift brought about by the upcoming implementation of the Markets in Financial Instruments Directive II (MiFID II). MiFID II is a sweeping set of European Union financial regulations scheduled to come into force on January 3, 2018.

The survey polled more than 100 buyside professionals who participated in an ITG webinar on the impact of MiFID II regulations on North American asset managers. The buyside firms that participated represent institutional investors with assets under management (AUM) ranging from approximately $125m to more than $1tln, with average AUM of $47bn.

ITG's Head of Global Commission Management, Jack Pollina, commented, "MiFID II is going to have a significant impact well beyond the shores of Europe, as institutional investors require asset managers to change the way they budget, fund, price and pay for research. North American firms are anticipating these changes and are taking steps now to adapt to the shifting expectations of their end investors."

Under MiFID II rules, asset managers will be required to explicitly separate, or ......................

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