Following on from the announcement earlier this week of new position limit opinions (see here), ESMA has written this letter to the European Commission asking for guidance on the applicability of the Ancillary Activity test. The Ancillary Activity exemption found under MiFID II Article 2(1)j allows those who trade commodity derivatives on own account to … Continue reading → Source: Energy Trading Regulation – ESMA asks Commission for guidance on Ancillary Activity test
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Source: CTRM Center