See here for an interesting article on EnergyBiz by Michael Hinton of Allegro. In it he examines the potential impact of MiFID II on the energy and commodities business, highlighting the fact that many could be caught under the wider net of MiFID, requiring the acquisition of a MiFID licence.
If that happens, there is a great deal of work and compliance that will be required, on the reporting side as well as the capital side. The industry is beginning to wake up to this now, as can be seen from this article in Farmer’s Weekly.
There is a great deal to take in, learn and prepare for. And if you are under REMIT as well, there is even more.