Energy Connect primarily brokers for physical transactions; however, we will be seeking FCA approval to directly broker financial transactions under the Markets in Financial Instruments Directive (MiFID) II.
MiFID II applies to those financial services businesses undertaking MiFID II business in the EU and those providing services cross-border. This includes investment firms, trading companies, data reporting service providers and third-country firms providing investment services or performing investment activities in or into the EU.
Energy Connect is seeking to operate as an execution only regulated transactional brokerage under MiFID II regime to ensure the highest standards and protection for our clients requiring financial services. FCA Approval targeted for 2024