EU Wants More Commodity Trading Scrutiny After War Exposed Risks

Wednesday, May 3, 2023
* Lawmakers to review regulatory exemption for commodity trade * Industry is facing calls for more oversight from regulators. For decades, Europe’s commodity traders have avoided being regulated on par with other financial firms. A new proposal currently working its way through the European Union legislative system could change that. As part of a package updating its landmark MiFID II regulations on financial markets, the European Parliament has proposed to review its “ancillary activities exemption”, according to position documents seen by Bloomberg.
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