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Dealing on own account: Difference between revisions
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Indeed, MiFID is meant to ''protect'' people like that, not ''regulate'' them. | Indeed, MiFID is meant to ''protect'' people like that, not ''regulate'' them. | ||
So our starting point is this: whatever the regulations actually say — and they are an utter mess, and no-one in their right might can hand on heart explain what they actually say — it cannot be right that they mean to require investors in [[emissions]] products — who are buying them through the agency of MiFID-regulated [[broker]]s and dealers — to be regulated by [[MiFID]]. That is a ''stupid'' outcome. | |||
===The curious case of [[commodity derivatives]] and emissions=== | ===The curious case of [[commodity derivatives]] and emissions=== | ||