EACT has written to EP for a clarification of Markets in Financial Instruments Directive (MiFID 2) so that non-financial companies transacting on their own account on electronic trading platforms continue to be exempt from MiFID licensing requirements. EACT’s concern is that the new wording of the exemption for trading on own account in Article 2 and the narrowing of its scope would have the unintended consequence of excluding non-financial companies from the scope of the exemption. For more informations visit EACT seeks clarification on MiFID 2 own account exemption.
Source: Dentons