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Trade repositories: reporting start date come and gone

Good points on dates in this article

DECC Issues new EMR documents

DECC have issued a host of documents on EMR today. They can all be viewed from the main page here. They have issued a detailed announcement on strike prices for CfD’s with feed in tariffs, which are here. And also a document on the design of the capacity market which can be seen here.

ThomsonReuters create new tool based on REMIT transparency data

ThomsonReuters have launched a new tool which makes use of the transparency data now available under REMIT in the Nordic and German markets. The upcoming requirements on transparency will permit interesting analyses to be performed on the data, and provide an opportunity for vendors to launch innovative new tools. depending on what data is made … Continue reading

Updated FCA Page on EMIR for NFCs

The FCA have updated their page on EMIR for NFCs. Nothing new spotted but a nice summary.

The UK Spending Review from an energy perspective

The UK Spending review that took place. The headline of a BBC article mentions the fact that energy will receive an “infrastructure boost”. Looking at the actual speech (which you can see in all sorts of places including on the Spectator website here), we see a renewed commitment to a “carbon friendly” strike price for … Continue reading

Marc Rich, founder of Glencore, dies

Slightly off topic: Marc Rich, the “King of Commodities” who built Marc Rich and Co(that was later renamed Glencore) up into a huge commodities trading company, has passed away in Swizterland. Read his obituary in the NY Times here.

EU Council Agrees MiFID II position

The ¬†EU council agreed on Friday to adopt the proposed position by ECOFIN last week that as part of MiFID II open access to clearing should be provided by execution venues. It has been agreed towards the end of the Irish presidency which permits the “trialogue” process to commence. This means that MiFID II is … Continue reading

FSB Comments on OTC Derivatives Regulation

The FSB published this press release on the 25th, which included comments on the urgent need for the various authorities to pull together the information contained (or to be contained) in Trade Repositories, as well as the need to level the playing field across jurisdictions. It also mentions the progress on recommendations for margining for … Continue reading

Article explaining the proposed Ofgem enforcement of REMIT

See this article by McDermott, Will and Emery on the upcoming enforcement powers of Ofgem for REMIT, in line with the original timetable. In theory therefore, monitoring processes need to be in place by the 28th.  Interestingly though, the implementing acts have not yet been passed at the EU level.

Progress on pre-LEIs

The Regulatory Oversight Committee (ROC) for LEIs issued this statement last week following their meeting the week before. It promises guidance very soon so that “pre-LEIs” can be implemented in the near future. It is not yet clear whether EMIR will mandate the use of these (although that would appear to be the intention). However … Continue reading