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Mifid

Updated technical standards table published by ESMA

ESMA have updated their table which shows the status of Technical Standards across different EU financial legislation. It can be found here. There is clearly a large September workload for both the European Commission and Parliament in order to finalise rules to allow sufficient time for implementation of MiFID II.

The energy and commodities sector also awaits the next version of the Ancillary Activity test from the Commission. This was “passed back” to them by ESMA in May, so that they may decide on the question of whether to re introduce a test based on capital into the rules. The final version of the test will determine whether commodity and energy market participants will be required to set up MiFID “regulated entities”.

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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