The European Commission proposed a review of MiFID 2 which stirred a heated debate in a parliamentary committe meeting this week. (Wikicommons)
On 20 October, the Commission proposed a review of the Markets in Financial Instruments Directive (MiFID) – also known as MiFID 2 – which proposes position limits on trading in derivatives markets, post-trade transparency and transaction reporting, as well as capital requirements for investment companies. Energy companies are not exempt from the proposals under MiFID 2, which is expected to become law by late 2014 or early 2015.
A public hearing and consultation on the review of MiFID was held in the European Parliaments Economic and...
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