MiFID II will significantly impact the commodity derivatives market by, inter alia:
- determining which commodity trading firms will be covered by MiFID II or may benefit from the "ancillary activity exemption";
- setting out licensing requirements for firms falling under MiFID II; and
- introducing a position limits regime for commodity derivatives.
On 1 January 2016 the FinfraG has come into effect, implementing the G-20 com-mitments for the Swiss derivatives market by introducing inter alia:
- an obligation to report OTC and exchange traded derivatives to trade reposito-ries (e.g. the new trade repository of SIX);
- risk mitigation obligations for uncleared OTC derivatives;
- an obligation to clear standardized derivatives with central counterparties.
We will give an overview of the current state of play under such EU rules and of the new FinfraG obligations, where relevant for Swiss commodity trading firms. We will provide an introduction on how to report trades to the new SIX trade repository in Switzerland.
For the detailed program please see the link below.
In co-operation with Lucerne University of Applied Sciences and Arts