MiFID Ancillary Activity Exemption should be reviewed

Non-financial companies, using commodity derivatives, have to notify their competent authorities that this derivative business is ancillary to their main business. Complex calculations are often the consequence. Therefore, Deutsches Aktieninstitut supports a proposal submitted by several energy associations to introduce a qualitative exemption. This would mean a significant relief for non-financial companies as calculations and notification would not be required anymore.