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More reactions to the MiFID RTS

Following the release of the final draft Regulatory Technical Standards (RTS) of MiFID II/MiFIR, and some initial reactions, there have been more comments.

This article on the Reuters website highlights some push back that has come from commodity traders from across the market. It also highlights the claimed cost of exemption loss. Norton Rose Fulbright have summaries on 10 points of MiFID, including position limits and the ancillary activity exemption. There is also another summary of the changes from PWC here.

It is likely that there will be more reaction over the next weeks, and as companies start to calculate their status.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.


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