Energy markets face huge change under Mifid II
Many exemptions that commodity firms took for granted under the old Mifid framework will no longer exist when Mifid II and Mifir come in to force. Ellen Davis reports
The proposed revisions to the European Union’s Markets in Financial Instruments Directive (Mifid II) and the accompanying regulation document (also known as Mifir) will generate sweeping changes in the commodity derivatives and emissions trading industries, which the industry is only just beginning to digest.
Elements of Mifid and Mifir have been widely discussed in the mainstream press, because the directive and regulation will implement many of the requirements agreed by the Group of 20 (G-20)
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