The UK Futures and Options Association fears a “thinly staffed” European Securities and Markets Authority could struggle to implement the European Commission’s review of Mifid.
The trade body says it supports the overall direction of the proposed changes within the Commission’s review, but highlights a number of concerns in its response to the consultation document.
In particular, the trade body argues strongly against offering national regulators the power to impose strategic position limits on contracts, particularly within commodity markets. It argues that the role of commodity...