Energy firms expect to escape Mifid II without cutting books

Esma data suggests ancillary activity test will be easier to pass than industry feared

Jigsaw puzzle

Following the publication of data on the size of European Union commodity derivatives markets on July 7, the majority of energy firms now believe they can qualify for an exemption from the second Markets in Financial Instruments Directive (Mifid II) when it comes into force on January 3, 2018.

Under the regime, commodity trading firms will be classified automatically as investment firms and subject to a complex web of financial regulation – including capital requirements – unless they can claim

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options


Want to know what’s included in our free membership? 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 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