Regulatory Alerts2018-12-21
Guidelines on the application of C6 and C7 of Annex 1 of MiFID II
The European Securities and Markets Authority issued these guidelines to amend its 2015 C6/C7 guidelines, ensuring a uniform application of MiFID II definitions for commodity derivatives. The document clarifies that definition C6 encompasses commodity derivatives traded on regulated markets, MTFs, or OTFs, while C7 covers physically settled contracts not traded on such venues. Competent authorities are required to incorporate these standards into national frameworks and report their compliance status to ESMA within two months of publication.
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