EU rules could lead to more fee transparency in Asia, says Sidley’s Ng
Mifid 2 will force brokers to detail how commission payments are being spent. Asian asset owners may demand the same level of disclosure, says Leonard Ng of Sidley Austin.
European rules that will forbid broker commissions from being used to pay for investment research and force banks to disclose how commissions are being spent could have a knock-on effect in Asia, argues a senior lawyer.
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