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Mifid

MiFID II consultation – commodity derivatives topics

Yesterday the European Commission opened a consultation on certain aspects of MiFID II and MiFIR. The document can be found here. The consultation includes aspects relevant to energy and commodity market participants, including relating to the position limits regime, about which a consultation run by ESMA has recently closed (see here).

This article on the FT web site discusses the consultation in relation to commodity derivatives. It makes reference to the desire by the Commission to promote the use of Euro denominated benchmarks, not only in gas, but also in oil as discussed last year in this staff working document.

The consultation closes on 20 April 2020

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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