ESMA has today published an opinion on some of the market sizes which can be used for the Ancillary Activity test, which must be undertaken by energy and commodity market participants who wish to use the Ancillary Activity exemption from MiFID II under Article 2(1)j. The document can be found here and the press release … Continue reading → Source: Energy Trading Regulation – ESMA publishes market sizes opinion for Ancillary Activity test
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Source: CTRM Center