EU Wants More Commodity Trading Scrutiny After War Exposed Risks
- Lawmakers to review regulatory exemption for commodity trade
- Industry is facing calls for more oversight from regulators
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For decades, Europe’s commodity traders have avoided being regulated on par with other financial firms. A new proposal currently working its way through the European Union legislative system could change that.
As part of a package updating its landmark MiFID II regulations on financial markets, the European Parliament has proposed to review its “ancillary activities exemption,” according to position documents seen by Bloomberg. The proposal is part of early discussions and could still change.