While there is still uncertainty about the European Commission's timeline for adopting detailed implementing rules for the bloc's updated markets in financial instruments directive (MiFID II), energy regulators are now more hopeful that the rules – taking the form of delegated acts – will not undermine the liquidity of EU energy markets.
The EU energy regulatory agency ACER has been vocal about the sector's concerns that the way the Commission's Directorate-General for Financial Stability, Financial Services and Capital Markets Union…