In the run-up to MiFID II, there were many forecasts as to how Research & Corporate Access would develop from a corporate perspective. Thus it was often predicted that small caps, according to MiFIDII, would have little or no coverage and no sell side roadshows and one-on-ones by brokers. Mid Caps – so the forecast, would be able to fall back only over less than 5 analysts, which would be paid by the Buy Side.
The number of roadshows for mid caps is also expected to decline. Only the large caps remained largely unaffected by the assumed changes.