Directive 2004/39/EC on markets in financial instruments (“MiFID I”) and its supplementing acts will very shortly be replaced and amended by Directive 2014/65/EU on markets in financial instruments (“MiFID II”) and its implementing acts including Delegated Regulation EU/2017/565 (“Regulation 2017/565”) entering into force as from 3 January 2018.
 
In this context EPEX SPOT would like to inform its members that MiFID II does not modify the current legal framework applicable to products traded on EPEX SPOT markets. Contracts traded on EPEX SPOT Market Segments (Day-Ahead, Intraday, French Capacity Guarantees) still benefit from the “spot contracts” exemption now set forth under Regulation 2017/565.
 
Therefore, no action is required.
 
For any specific query, please contact your Key Account Manager.