Europex (the association of European energy exchanges) have just published this statement about whether physical commodity trades should be classified as derivatives, as defined in MiFID Annex I section C.…
See here for an interesting article from Reed Smith about the different rule making taking place around the world regarding benchmark manipulation. In particular it suggests that while benchmarks are not…
The European Commission have finally published this summary note of the commitology meeting that took place on 3rd October. It does not seem to contain all of the details of…
ESMA have published an updated version to their Questions and Answers document on EMIR, which can be found here. Among the interesting items for the energy and commodities trading industry:…
ESMA have published the responses to the consultation held recently on the forthcoming Market Abuse Regulation (MAR). This regulation extends the original Market Abuse Directive (MAD), and generally applies to…
It is not official, but this article on the ICIS web site refers to a potential delay in REMIT reporting. The article states that: The Implementing Act should be published in…
The beginning of December sees the rolling out of the ESMA "Level 1" requirements for EMIR Trade Reporting. This represents an attempt by ESMA to improve reconciliation rates at and between…
Norton Rose have updated their MiFID II/MiFIR guide on its application to commodities. It can be found here.
According to this FT report, the confusion around the definition of an FX derivative has been extended until the implementation of MiFID II. We should therefore not feel alone in…
DG Energy have finally publicly posted the fact that a Comitology meeting took place on the 3rd October together with the agenda, which can be found here. The outcome of…