Joint position paper by Europex, EFET, Eurelectric, Eurogas, BDEW and Energy UK – “MiFID II Level 2 and energy trading: How to further specify the ancillary activity exemption in Article 2?”

Brussels, 17 April 2015 | The undersigned associations believe that open, robust, liquid, competitive and transparent energy markets are key to ensuring secure, sustainable and competitive energy supplies for final customers, together with adequate infrastructure and a supportive regulatory framework. With this core and shared objective in mind, and while fully supporting the overall principles of the revised Markets in Financial Instruments Directive 2014/65/EU (MiFID II), we are nevertheless very concerned by some of the provisions which are currently being discussed in Level 2.

Please find the position paper attached.