European Securities And Markets Authority Publishes Final Guidelines On The Commodity Derivatives Definition Under Markets In Financial Instruments Directive
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On May 6, 2015, the European Securities and Markets Authority published its guidelines on the application of the definition of commodity derivatives under the Markets in Financial Instruments Directive (known as MiFID I).
On May 6, 2015, the European Securities and Markets Authority
published its guidelines on the application of the definition of
commodity derivatives under the Markets in Financial Instruments
Directive (known as MiFID I). The guidelines aim to provide a
common, uniform and consistent application of the definition of
commodity derivatives. There is no commonly adopted definition of
derivatives in the EU under MiFID I, which can result in the
inconsistent application of EMIR when it refers to the MiFID
commodity derivatives definition. The guidelines also aim to ensure
continuity when MiFID II replaces MiFID I from January 3, 2017. The guidelines will apply from August 7, 2015.
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