 It called for "strong measures to limit speculation in agricultural commodities" calling upon the CFTC to further limit positions and to regulate over-the-counter trades.Markets in Financial Instruments Directive (MiFID) is the cornerstone of the European Commission's Financial Services Action Plan that regulate operations of the EU financial service markets.It was reviewed in 2012 by the European Parliament (EP) and the Economic and Financial Affairs Council (ECOFIN).