Brussels, 12 December 2014 | Europex welcomes the present consultation by ESMA as the future “Guidelines on the application of C6 and C7 of Annex I of MiFID” will help harmonise the diverging national regulatory practice of EU regulation in commodities trading. In order to achieve a regulatory level playing field across all EU member states, it is indispensable to comprehensively align the implementation and application of existing and future legislation.