close
Share with your friends

Brexit: Implications for energy and commodities trading

Brexit: Energy and commodities trading

Regulated markets may have more political influence in a post-Brexit UK.

1000
James Maycock

Partner

KPMG in the UK

Contact

Also on home.kpmg

Brexit: Energy and Commodities trading

The UK is still a member of the EU until its formal exit and so EU law continues to apply to energy and commodities trading. But, James Maycock, Forensics Investigations and Complaince Director, KPMG in the UK, explains why companies must start preparing for the medium, long term and beyond now.

 

Highlights:

  • Foreign energy and commodity firms trading commodity derivatives in the EU for hedging or speculative purposes will be able to continue to do so under the existing regulatory regimes.
  • In the medium term companies should be preparing for MiFID II, which will have significant impacts on EU energy and commodity markets
  • If the UK does not join the European Economic Area and an amended regime cannot be agreed, overseas energy and commodity firms with regulated UK entity trading derivatives will no longer be able to use the MiFID II passport to provide investment services and activities throughout the EU.
KPMG Brexit

KPMG Brexit

KPMG Brexit

Brexit: A catalyst for businesses to reset their futures.

Connect with us

 

Want to do business with KPMG?

 

Request for proposal