FIA files letter to ESMA on ancillary activity exemption under MiFID II

FIA’s MiFID II Commodities Working Group, working jointly with EFET members, identified their top-priority questions regarding the ancillary activity exemption under RTS 20 of MiFID II. The questions were sent to ESMA and national competent authorities in a non-paper. FIA is currently identifying additional questions on RTS 20 and 21 of MiFID II that require clarification.

Please see full letter below.

Joint Associations’ Questions & Answers (Q&A) on Regulatory Technical Standard (RTS) 20 of the Markets in Financial Instruments Directive (MiFID II)