Commission Delegated Regulation (EU) 2021/1833 of 14 July 2021 supplementing Directive 2014/65/EU of the European Parliament and of the Council by specifying the criteria for establishing when an activity is to be considered to be ancillary to the main business at group level

Specifies, at group level, when trading in commodity derivatives, emission allowances and derivatives thereof is ancillary to the main business for the exemption in Article 2(1)(j) MiFID II, through a de minimis threshold test and either a trading test or a capital employed test, with rules on calculation and risk-reducing transactions. Replaced the earlier RTS 20 (Delegated Regulation 2017/592).