Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps he has taken to reduce speculation in and improve the transparency and supervision of the oil futures market; and if he will make a statement.

The EU Markets in Financial Instruments Directive (MiFID 2) will from 3 January 2017 bring in a new regime for the regulation of commodity derivatives, which will include limits on the size of positions a person can take and reporting obligations.