EU financial rules consultation raises industry concerns

The European Commission has recently distributed its industry consultation on the expected changes to Mifid’s legislation. Alex Davis asks if the energy sector should be alarmed

On December 8, the European Commission sent out its public consultation on the review of the Markets in Financial Instruments Directive (Mifid). Following on from the aggressive rhetoric used by

some of the European Union member states in September against the perceived threat of commodity market speculation, there are those in the energy sector who are worried by the nature of the questions asked in the consultation.

Although the deadline for replies is not until the end of March, the European