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10 April 2018

ESMA(欧州証券市場機構)、MiFID 2(第2次金融商品市場指令)のコモディティ・デリバティブ規制の除外に係る付随業務テストの明確化を欧州委員会に要請


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ESMA's Maijoor wrote a letter to the Commission Vice-President Dombrovskis regarding the exemption from authorisation as investment firm which non-financial entities are eligible for when their commodity derivative trading activity is ancillary to their main business as set out in MiFID II.


ESMA invites the Commission to provide further guidance on how the ancillary activity criteria set out in Article 2(4) of MiFID II, and further specified in RTS 20, are to be interpreted and implemented, and more specifically at which level the ancillary tests should be performed. 

Full letter



© ESMA


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