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CME Group to acquire Trayport

See this press release about CME’s acquisition of Trayport from GFI. 

Don’t panic! – Comply, but don’t be scared into unnecessary spend

See my article here  on CTRM Center which discusses how companies should take a balanced view on complying with the various streams of rules such as EMIR, REMIT and MiFID II. The message is that if you take a pragmatic approach rather than a panicked one , you should be able to comply without excessive spend. … Continue reading

Notes from the Public Consultation Meeting on REMIT – Ljubljana 16th July 2014

Notes written by ETR on the public consultation meeting that took place in Ljubljana on the 16th July 2014 can be downloaded by clicking here.

2nd ACER Public Consultation on the REMIT TRUM and RRM requirements

ACER has commenced a second public consultation on the REMIT Trade Reporting User Manual. (TRUM) as well as the requirements on becoming a Registered Reporting Mechanism (RRM). This follows an initial  public consultation a few months ago and an open meeting last week in Ljubljana (notes to follow). The consultation closes on 2nd September. Details … Continue reading

Latest Draft of REMIT Implementing Act

See here for the latest draft of the REMIT Implementing Act. This is the version of the document that will be used at the commitology meeting this week. Adoption is still targeted for October/November

Updated EMIR Q+A issued

ESMA issued a new version of the EMIR Questions and Answers document yesterday, which can be found here. There are not many updates that are applicable to those in energy and commodities, although there is one update of the application of segregation rules by non EU clearing members. (CCP Q7i)

Article on position limits and the calculation of “deliverable supply” under MiFID II

See this interesting article on Commodity Fact about the issue of measuring “deliverable supply” in certain commodities. Deliverable supply is one of the factors that are taken into account when setting Position Limits. This issue was briefly discussed at the open hearing on Tuesday. Notes will soon be published.

Recordings from MiFID II open hearings

See here for ESMA’s recordings from the open hearings in Paris this week on MiFID II/MiFIR. We will publish our own notes on the commodities session  (not recorded) over the next days.  

ACER public consultation on reporting of fundamental data

ACER have recently launched a public consultation on the reporting of fundamental data under REMIT. Details can be found on ACER’s web site here. Responses are due by 1st August.

Short video on MiFID II application to commodity derivatives

Norton Rose have just published this useful video outlining some of the issues that arise from MiFID II/ MiFIR as applied to commodities markets. The public consultation meeting at ESMA is tomorrow….