Consultation on the transposition of MiFID II – HM Treasury
HM Treasury (UK government) have opened a consultation on the transposition of MiFID II into UK law. MiFID must be transposed into law in each member state by mid 2016.…
Interesting article on the implementation of trade reporting systems
See here on LinkedIn for an interesting post by Harry Nota of OpenLink on why it is wise to invest in a more strategic solution to meeting various trade reporting…
REMIT criminal sanctions to come into force in the UK
Criminal sanctions for breaches of REMIT Articles 3 and 5 (use of inside information and market manipulation) will come into force on 13th April, following the passing of the relevant…
FCA seeks input on MiFID II via Discussion Paper
The UK's Financial Conduct Authority yesterday issued this discussion Paper asking for input on various aspects of MiFID II. Comments are due by 26th May. The paper does not appear…
Comments by Stephen Maijoor to ECON on MiFID II
ESMA yesterday published the speech given by Stephen Maijoor, chair of ESMA to ECON(European Parliament Committee on Economic and Monetary Affairs), about MiFID II. The speech can be found here. Part…
ACER Recommendation on MiFID Annex I Section C6
Following many discussions, a consultation and technical advice run by ESMA on MiFID Annex I Section C, ACER have just issued a recommendation, which can be found here. As a…
CME Webinar on REMIT
Next week on 1st April the CME will be hosting a webinar on REMIT, which will cover both the rules and the CME's own REMIT offering. Registration can be kicked…
More pushback on MiFID II from across the commodities sector
The pushback against the upcoming commodities rules under MiFID II continues, firstly with more concern from the farming sector, this time expressed on the Herald Scotland website in this article…
ETS Update
There have been a few developments and articles since our last post on the Emissions Trading Scheme: It has been reported that emissions capped by the ETS in 2014 have…
Mandatory margin rules for uncleared OTC deals delayed
IOSCO and the Bank of International Settlements yesterday announced that the upcoming rules which require those who trade bilateral uncleared OTC derivatives trades (over 50m Euro) to post initial and variation…