Dealing on own account: Difference between revisions

Dealing on own account (view source)

84 bytes added , 21 March 2023

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 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.
+So our starting point is this: whatever the regulations actually ''say'' — and God knows they are a mess, and we have met no-one with (or for that matter without) any expertise who is prepared to declare, hand on heart, what they actually say — it cannot be right that they are meant to to bring emissions investors — who are, by and large, acting through the agency of MiFID-regulated [[broker]]s and dealers — to ''themselves'' be regulated by [[MiFID]]. That would be a ''stupid'' outcome.
 ===The curious case of [[commodity derivatives]] and emissions===