Investment Association calls for Europe to reject Mifid II data pricing rules
The buy-side association has said the provisions have been watered down to the extent that they are "null and void."
Daniel Godfrey was forced out of the Investment Association in October.
UK FTS is looking to improve the way mutual funds are traded and settled in an attempt to reduce cost and risk.
TheCityUK founder Chris Cummings will take the helm of the Investment Association later this year.