Mapping a way through the ‘MiFID II maze’
MiFID II is having a fundamental effect on the way small and mid-cap companies access capital. Investment banks and brokers are separating the costs of research from trading activity, resulting in a reduction in the quality of the former.
This, combined with a buy side which, on average, covers 80 to 100 companies, is having a significant impact on smaller companies’ ability to access long-term capital and how they engage with investors.
For companies caught in the ‘MiFID II maze’, the solution seems clear: own your equity story; take control of your investor communications; and manage your relationship with the market.
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