Financial Services partner Neil Robson spoke with HFM Week on the additional scrutiny hedge funds face from the UK Financial Conduct Authority (FCA) stemming from inducement rules on research fees as a result of the revised Markets in Financial Instruments Directive (MiFID II). Neil stated, "The result could be that some managers find that they have to pay more for research in 2019 if the FCA says that the research providers/brokers aren't charging an appropriate fee." He noted that hedge fund managers should review their MiFID II policies to make certain they are "watertight" before the FCA's relief window closes. ("Majority of Hedge Funds Charging Investors for Research," June 22, 2018)