Ending Emir hedge exemption conflicts with Mifid II, firms say

EU energy companies warn of inconsistency between two regulatory regimes

Esma proposal on Emir hedge exemption sets up collision with Mifid II

A regulator's proposal to radically simplify European Union derivatives rules by treating hedging transactions the same way as speculative trades would create fresh difficulties for EU energy firms that are already struggling to comply with the new Markets in Financial Instruments Directive (Mifid II), market participants say.

The proposal, released on August 13 by the European Securities and Markets Authority (Esma), would do away with the hedging exemption in the European Markets

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here