Impact of Mifid II on commodities sparks heated debate

Industry and regulators clash during discussion of tightened commodity rules

hot-sparks-smelter
Hot topic: Mifid II is accused of not fitting specifics of commodities market

The impact of Europe’s second Markets in Financial Instruments Directive (Mifid II) legislation on commodity firms generated a heated debate between industry representatives and regulators during a panel discussion at Energy Risk Summit Europe in London on June 24.

Mifid II is mostly focused on financial market participants, but its effect on companies active in the commodity and energy market has generated concern. The legislation sharply narrows existing exemptions to financial rules commonly