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FCA MiFID II minutes

The UK’s FCA have published these minutes from their MiFID II round table. There are several notes on commodity derivatives, including a reminder of the contents in the second consultation paper on position limits, although there are notes on the transmission of limits and utilisations to and from ESMA, and how the hedge exemption will be applied. The issue of firms needing to give data to venues that may be confidential is also mentioned.

The minutes note that Level 3 work has commenced in other areas, despite  the final form of RTS 20 on the Ancillary Activity test not being known.


About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on energy and commodity regulation. He has more than 20 years of experience in energy and commodity trading, credit, risk and financial technology. He has delivered a series of trading, credit and risk solutions to a wide variety of oil majors, power and gas companies and investment banks. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy 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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