MiFID II costs seen putting off would-be asset management start ups

The EU's MiFID II regulation went into effect from the beginning of this year. The legislation tightens requirements for the asset management business within the EU, but is it good or bad thing for independent asset managers?

Søren Astrup, Deputy Chief Executive at Formuepleje, expects that MiFID II will lead to more consolidations between the smaller asset managers. Photo: PR Forumepleje

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