EU Trading Rules to Be Revised After Market Damage Warnings
- Parts affecting non-equities, commodities to be rewritten
- Rewritten regulations may lead to tighter position limits
This article is for subscribers only.
European regulators will rewrite trading rules set to affect financial markets across the 28-nation bloc after industry and government warnings that aspects of the measures may be damaging.
The European Commission, the European Union’s executive arm, told the European Parliament on Thursday it had rejected proposals on transparency in non-equity transactions, position limits in commodities, and some exemptions, according to a statement from Markus Ferber, the lead lawmaker in the European Parliament for the MiFID II file. The rules had been sent back to the Paris-based European Securities and Market Authority to be revised, according to the statement.