ICR Publishes White Paper on MIFID II & Implications for Domestic IR Programs

New York, NY – December 20, 2017 – ICR, a leading strategic communications and advisory firm serving over 500 private and public company clients, today published a white paper for its clients on expected implications from the implementation of MiFID II on domestic investor relations programs.

On January 3, 2018, new European regulation will require the unbundling of trading commissions from investment research payments, resulting in investment firms separately valuing and paying for research and corporate access. While investment management and trading activity in the U.S. is not subject to MiFID II upon its implementation, large global investment banks and investment firms are in the process of adopting its provisions, and given the global nature of their businesses, ICR expects these changes to migrate to the U.S., beginning in 2018.

So, what are the likely impacts?

  • In general, ICR expects sell-side research analyst coverage will decline. This will evolve throughout 2018 as investment banks determine what institutional investors are willing to pay for their research.
  • ICR expects companies will experience a substantial increase in requests for corporate access opportunities.
  • ICR expects the buy-side community will materially increase direct outreach to companies for information and corporate access
  • Companies of all sizes and across industries will need to consider intensifying their investor relations campaigns and should consider investing in financial public relations to supplement and/or complement their investor relations outreach.

To receive a complimentary copy of the white paper, please e-mail Steven.Boediarto@icrinc.com.

About ICR

Established in 1998, ICR partners with companies to optimize transactions and execute strategic communications programs that achieve business goals, build credibility and enhance long-term enterprise value. The firm’s highly differentiated service model, which pairs capital markets veterans with senior communications professionals, brings deep sector knowledge and relationships to more than 500 clients in approximately 20 industries. Today, ICR is one of the largest and most experienced independent communications and advisory firms in North America maintaining offices in New York, Norwalk, Los Angeles, Boston, San Francisco and Beijing.

Learn more at www.icrinc.com. Follow us on Twitter at @ICRPR.

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