This press release was issued last night stating that agreement has finally been reached by the “Trialogue” on MiFID II. This means that it should pass through parliament before the elections in May.

The Tabb group have issued this useful overview of what has been agreed. There are some interesting aspects on the commodity position limits sides of things. For example “hedge” positions are not included.

More details will emerge as the text is finalised, and the rules implemented. Once EMIR and REMIT are out of the way, there will be more to do….