EMIR liquidity impact of bank guarantee phase out on Nordic power market
See here for an article on the Reuters website on the impact that the upcoming EMIR rule on bank guarantees will have on the Nordic power market. Nasdaq Commodities own…
Trayport data collection survey
Trayport have issued this press release, providing the results of a survey that has been conducted amongst their prototype users, regarding plans and priorities for the first phase of REMIT, which goes live on…
New EMIR Q+A document issued – new level 2 validation rules published – to come into force in October
ESMA have issued the latest version of their Questions and Answers document on EMIR, which can be found here. They include details of new "level 2 validations" which are to…
Nordpool Spot RRM FAQs posted
Nordpool Spot (NPS)have recently posted their Frequently Asked Questions about their REMIT RRM on their web site, which can be found here. NPS intend to provide a "full" Registered Reporting Mechanism…
Merrill Lynch fined 13 million GBP for trade reporting errors – has panic time arrived?
The UK's Financial Conduct Authority(FCA) have just announced a fine of 13.2 million UK pounds given to Merrill Lynch International for incorrectly reporting 35,034,810 trades and failing to report another…
More MiFID II push back – this time from the oil sector
BP have now joined the many parties pushing back against by the currently proposed exemption reduction in MiFID II, as outlined in this article on the Reuters web site. The…
EFETNet completes next step of RRM registration process
EFETNet have announced that they have completed another step in becoming an authorised Registered Reporting Mechanism (RRM) under REMIT, in this press release. An "ACER Code" has been allocated to…
Energy regulators object to MiFID II proposals
Continuing the recent spate of objections to the currently drafted MiFID II proposals, the CEER (Council of European Energy Regulators) have just issued this statement which outlines their own objections to…
Joint statement on MiFID II commodity derivatives exemptions
Following on from several individual statements, a group of industry bodices have now issued a joint statement (here on the EEX site) providing suggested amendments to the new exemption calculations. The…
Commodity derivatives top MiFID II consultation responses
See here for a "Bloomberg Brief" article which highlights the fact the topic commodity derivatives drew the highest number of responses to the most recent consultation on MiFID II. See have…