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Q&A · ESMA

MiFID II Q&A on the Ancillary Activity Exemption

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AI-generated Summary

In a Commission answer, a person whose main business is executing client orders in C6 carve-out wholesale energy products traded on an OTF cannot use the ancillary-activity exemption, because the main business must be a commercial activity involving commodities; it needs authorisation to provide investment services in commodity derivatives.

Details

ReferenceESMA_QA_900
IssuerESMA
Published5 Mar 2024
Answered5 Mar 2024
Submitted11 May 2023
ESMA topicsAncillary activity