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UK power procurement via new capacity market

The UK’s Department for Energy and Climate Change today made this announcement about the procurement plans for power via the new Capacity Market.

Article on coping strategies for MiFID II

See this page on Risk.Net about potential strategies for coping with MiFID II for those in the commodities and energy sector. The article focuses on the definition of instruments and how that could impact their treatment under MiFID and EMIR.

Updated Questions and Answers document published today by ESMA

ESMA today released a new version of the EMIR Questions and Answers document which can be downloaded from here. The focus is on valuations and collateral reporting which is to go live on 12th August 2014 although there are some other new answers as well. Several items will be of interest to those in energy and … Continue reading

Article about UTIs and the hoped for “Global UTI”

An interesting page here on DerivSource with an interview of a representative of the ISDA Reference Data Working Group about UTIs. In particular the work of a globally accepted UTI offers some hope to the end of the current confusion.

CFTC’s stance towards EMIR

See this interesting article discussing the stance by  the CFTC towards EMIR/Dodd Frank equivalence, which could create sum problems for those trading under both jurisdictions.

REMIT Public Workshop at ACER

ACER have announced a public meeting at their premises in Ljubljana on 16th July, to cover RRM requirements, aspects of the Trade Reporting User Manual (TRUM) and participant registration. This meeting will, for the first time, be web streamed, which will be useful for many. Registration and details can be found here.

MiFID II published in the EU Official Journal

MiFID II has this week been published in the EU Official Journal. This means that it enters into force on 2 July 2014. The rules enter into effect 30 months after this date, on 2 January 2017, by which all that it applies to need to be compliant. ESMA are in the process of drafting the … Continue reading

REMIT Implementing Act targeted for adoption “in the Autumn”

Fresh off the press at the ACER conference, the target time for the REMIT Implementing Act being adopted  has just been announced as “in the Autumn”. This delays trade reporting under REMIT further, with standard trade reporting due to start 6 months after adoption and non standard 12 months. A full report on the conference … Continue reading

Another good MiFID II summary

See here for another good summary, this time from De Brauw Blackstone WestBroek, on MiFID II. The commodities part is at the bottom.

ESMA open hearing on MiFID II

ESMA have announced an open hearing on MiFID two over 3 separate sessions in July in Paris, including one on Commodity Derivatives. Details can be found here.