Commodity trading firms piece together Mifid II jigsaw
Complexity makes precise effect of EU legislation difficult to predict
Since the global financial crisis, commodity trading firms in the European Union have been subjected to a barrage of new rules. Examples include the Regulation on Wholesale Energy Market Integrity and Transparency (Remit), a 2011 law designed to curb market manipulation and insider trading in physical and financial power and natural gas, and the European Market Infrastructure Regulation (Emir), which took effect in 2012 and seeks to regulate trading in over-the-counter derivatives.
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