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LONDON (Reuters) - JP Morgan Asset Management said on Friday that it will absorb the costs of paying brokers for investment research rather than pass them on to its clients when new European regulation kicks in next year.
The European Union's MiFID-II directive comes into force in less than six months and one of the main impacts will be forcing brokers to charge an explicit price for research, rather than bundling charges into trading costs.
(Reporting by Carolyn Cohn; Editing by Rachel Armstrong)
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