Commodity Standing Group (COMSG). I Regulatory background. Current lighter touch regime for UK commodity firms not undertaking ISD Investment Business MiFID to replace ISD and extend definition of Financial Instruments to include commodity derivatives
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MiFID commodity exemptions
(2) “For persons whose main business consists of dealing on own account in commodities”
Pre-consultation forum to:
FSA needs industry help to:
(1) Market risk models
(2) Credit and operational risk models