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Selecting an Investment Manager / The Basics of Securities Lending & Commission Recapture

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Even if a pragmatic approach continues to be taken on PRM-TSI compliance work, e.g. for a residual Pacer fleet, there could be a peak of activity in 2017-2019. The supply side of the industry will need to increase capacity to cope with this peak, and for supporting continued operation of existing vehicles. The option of seeking a change to the law to permit a longer timescale for these modifications, or to permit further review of PRM-TSI scope for vehicles with a short life expectancy and/or very low use, is one that may be worth pursuing. ...
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Selecting an Investment Manager / The Basics of Securities Lending & Commission Recapture

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