Broker creates task force to deal with Mifid II ‘struggle’

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UK broker Peel Hunt will assign up to 10 per cent of its staff to a task force to deal with Mifid II, as it expects competitors to struggle with the European regulation.

The firm has a 36-strong research team covering more than 310 stocks, the Financial Times reports; however it’s task force will be appointed from across its 200-strong workforce.

Chief executive Steven Fine says he expects many of Peel Hunt’s competitors “may struggle in a post-Mifid environment”.

“Some of the biggest worries about Mifid II are the unintended consequences of this regulatory change, particularly among mid and small caps, who are usually the last to feel any impact.”

The broker did not confirm a pricing structure for access to research but said it would vary across clients.