Shell may shift trading to US or Singapore over Mifid II
Oil major exploring “all possible options” for compliance, official says
The trading arm of Royal Dutch Shell may relocate some activities to hubs outside the European Union, such as the US or Singapore, due to the looming costs of the EU's new Markets in Financial Instruments Directive (Mifid II), according to an official with the UK- and Netherlands-based oil major.
"We will look at all possible options to ensure we are able to meet our regulatory obligations and manage our business in the most effective manner... Some of those do entail being a Mifid II-licensed
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