Q&A: Dutch watchdog on the pitfalls of Mifid II

Catching the right energy firms – and leaving others untouched – has been tough, says Esma task force member

Jasper Jorritsma, Autoriteit Financiële Markten

European energy firms are about to discover their fate in the European Union's wide-ranging reform of its trading and transparency rules – a long-running drama that could see some companies subjected to bank capital requirements, and will also impose position limits on thousands of traded energy products, potentially affecting market participants' ability to hedge.

The industry has complained loud and long about both issues and – if Jasper Jorritsma is any indicator – regulators have some

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