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European Commission MiFID II review of commodity derivatives and emissions markets: no urgent reforms; potential targeted changes to data, ancillary activity exemption, position limits, management controls and reporting

Published on: 27 May 2026

Published by LNB News
Legal News

LNB News 27/05/2026

Document Information

Issue Date: 27 May 2026

Published Date: 27 May 2026

Jurisdiction(s): United Kingdom and Ireland

Article summary

The report covers:

The European Commission has released the report it forwarded to the European Parliament and the Council, presenting its assessment of the markets for commodity derivatives, for emission allowances and for derivatives of emission allowances, under Article 90(5) of the Markets in Financial Instruments Directive (MiFID II) (Directive (EU) 2014/65), as updated in February 2024. It states that input from stakeholders, together with the Commission’s subsequent appraisal based on market trend analysis, did not indicate an immediate need for substantive revisions to the reviewed parts of the commodity derivatives framework, although certain targeted amendments might be contemplated in future...

  • data aspects relating to commodity derivatives
  • the ancillary activity exemption
  • position limits, position management controls and position reporting

Source: REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on the Commission’s assessment of the markets for commodity derivatives, for emission allowances and for derivatives of emission allowances, pursuant to Article 90(5) of the Markets in Financial Instruments Directive (MiFID II) (Directive (EU) 2014/65), as amended in February 2024...

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