Impact of ESMA on copying and leverage

Hello everyone!

I have one question. How esma’s decision affects copying and leverage when copying? Will it change and will it be very small even if the signal has huge leverage or it will stay the same as before?

Thank you for answers!

Hello
As I am aware, the copy trading fit within the MiFID II Directive… and it is considered as an automatic execution of trade signals.
That means that the leverage will not be decreased.