More obligations for energy firms under EU's MAD revisions
With the scope of the Market Abuse Directive set to widen to cover OTC commodities, energy companies could be subject to far greater disclosure obligations, finds Jay Maroo
Upcoming revisions to the European Union's (EU's) Market Abuse Directive (MAD) will extend its scope beyond regulated markets to other trading venues, including over-the-counter trading and to a greater variety of financial instruments, including financial and commodity derivatives.
The proposed changes, expected to be released between October 19-25, will extend the scope of MAD to regulate financial instruments as defined under the Markets in Financial Instruments Directive (Mifid), therefore
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