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Valuation and Collateral Reporting – Delegation?

August 12th is the deadline after which valuation and collateral data must be reported alongside other trade information under EMIR to TRs. This obligation applies to FCs and NFC+’s only. For those caught by this requirement both the valuation and collateral sides have their own complexities. This article on DerivSource discusses some of the issues … Continue reading

Presentation on the impact of MiFID II on commodities

See here for a useful presentation from Norton Rose Fulbright on the impact of MiFID II on commodities trades.

MiFID II/ MiFIR Consultation Timeline

See this article on The Trade News expressing concern for the timeline on ESMA’s MiFID II/MiFIR consultation timeline, from a financial buy side perspective. Given, the volume of documentation, the implications and the fact that the consultation in over the summer period it is certainly the case that the timeline is challenging.

EMR new design announcements and webinar

More details of the new UK Market Design as part of the UK Electricity Market Reform (EMR) will be released next week. Look out for details on DECC’s site here. nPower are giving a webinar on the 26th June summarising what is announced. It is possible to register for this via the Energy Live News … Continue reading

Good guide to ESMA’s MiFID II/MiFIR consultation

Herbert Smith Freehills have put this useful guide on their website to ESMA’s consultation on MiFID II and MiFIR

New Q+A on EMIR published by ESMA

ESMA have just released a new Questions and Answers document on EMIR which can be found here. There is not a huge amount in the document that will be of immediate concern to those in the energy and commodities trading sector, but the following items may be of interest: Some clarification on the inclusion of … Continue reading

ESMA public consultation on MiFID II

ESMA today opened a public consultation on MiFID II/ MiFIR. Details can be found here. There is a lot of reading to do…      

EURELECTRIC’s response to the REMIT TRUM consultation

See here for EURELECTRIC’s response to the recent TRUM consultation as part of REMIT. The response is detailed and has some interesting themes. In particular, the view that when a Market Participant reports to an RRM its obligation to report is fulfilled, will find a great deal of resonance in the market. This week sees … Continue reading

GFMA/FIA response to REMIT TRUM Consultation

The Global Financial Markets Association(GFMA) and Financial Industry Association(FIA) have published their response to the ACER consultation on the draft Trade Reporting User Manual. it can be found here.

Good summary of how MiFID II affects the commodities sector

See this short and useful summary article from Covington and Burling about how MiFID II affects the commodity and energy sector.