Esma renews Mifid pursuit of energy firms amid crisis

Utility companies worry about high and volatile capital requirements if they are caught under IFR

Energy firms caught montage

The European Union’s markets regulator is reopening a longstanding campaign to bring energy firms inside its regulatory perimeter, following the huge margin calls faced by companies in the sector in recent weeks. Market participants warn that requiring more energy companies to obtain licences as investment firms would potentially force them to raise significant amounts of extra capital.

The recommendation is part of a response from the European Securities and Markets Authority (Esma), after it

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