MiFID II - Commodity derivatives and emission rights
Since January3, 2018 MiFID II/MiFIR is applicable. MiFID II brings about important changes in the area of commodity derivatives, emission rights and derivatives thereof. Market participants that engage in proprietary trading in these financial instruments are in principle subject to a licence obligation under MiFID II.
Parties that wish to engage in dealing on own account in commodity derivatives or emission rights or derivatives thereof must have a licence or have notified themselves to the AFM.