ISDA have released a summary document and presentation/webinar on their recently released best practice document on how to generate and communicate Unique Transaction identifiers. The new documents focus on the recommended method to generate a prefix within the UTI. The UTI issue, especially for bilateral deals not transacted on a platform, remains one of the big … Continue reading
The market written co written by ETR Advisory and CommTech Advisory and sponsored by TriOptima has been updated to reflect recent developments and announcements over the last weeks. The report can be downloaded from here.
Ofgem’s penalties statement and procedural guidelines for REMIT have reached the “decision stage” following the consultation that has been running since June. The finalised documents can be found here. There are several interesting things outlined in the decisions reached: Prioritisation and proportionality – Ofgem clearly state that they will focus on breaches that arise from … Continue reading
See The OTC Space’s summary of the latest Q+A from ESMA. The answer added in OTC question 3 about Notional for the clearing threshold has relevance to the commodities area, since you would think that if one can consider a changing notional for amortising swaps, then you would definitely be able to do the same … Continue reading
The UK’s Ofgem and FCA regulatory bodies yesterday announced the conclusion of their investigation into alleged price rigging in the gas market last year, which broke in the Guardian. The allegations were that traders attempted to “mark the close” on the last day of the gas financial year, in order to affect and profit from … Continue reading
Today saw two big events in Energy Regulation: The announcement of EMIR Trade Repository Approvals A public meeting at ACER about REMIT EMIR TRs Towards the end of the day, ESMA announced the four TRs that had gained approval. The fact that the announcement happened today means that the 12th February deadline will hold. And … Continue reading
ESMA today approved 4 Trade Repositories to receive trades under EMIR. This is for all asset classes and includes exchange traded derivatives. The full announcement can be found here. This means that trade reporting will start on 12 February 2014. The TRs to be approved are: DTCC KDPW LSE Unavista REGIS-TR Two big names missing … Continue reading
See here for a RegTechFS update on the progress of MiFID through the European parliamentary process. MiFID II is scheduled to be heard in the European Parliament in December.
Thursday sees Energy Trading Regulatory Announcement Thursday, when ESMA need to announce Trade Repository approvals to sustain the 12th February 2014 deadline, which coincides with the ACER meeting on REMIT. According to various reports including this one, ESMA will indeed be approving trade repositories on Thursday. The day is awaited with interest.
Contigo have updated the page on their website that describes their EMIR/REMIT solution, enTrader Compliance. The page can be found here.