EEX’s REMIT offering
EEX have announced their offering for REMIT reporting, details of which can be found here. EEX operates several venues that are classified as Organised Market Places (OMP) under REMIT, which…
ACER public consultation on the publication of Inside Information
ACER today have launched a public consultation on the format and content of the data required to be published with regards to inside information as required by REMIT Article 4.…
Abide Financial to act as RRM for ICAP
Abide Financial have announced that they will act as the Registered Reporting Mechanism(RRM) under REMIT for ICAP customers. The press release is here. According to the press release, the arrangement…
EMIR consultation launched by the European Commission
The European Commission yesterday launched a review of EMIR, as mandated by Article 85. The press release can be found here, and the consultation document here. The review asks general questions…
Fines galore in the financial markets
Yesterday the UK's Financial Conduct Authority (FCA) announced that Barclays had been given a record fine for FX Benchmark manipulation, of £284,432,000. The comprehensive press release, together with an informative presentation,…
Yet more MiFID II pushback
See here for a report on the Reuters website about comments made by Shell at a recent conference, warning of the impact of the upcoming MiFID II rules, and how…
MiFID II’s impact on freight trading
See here for an article on Splash 24/7 on Hanne Johansson of Nasdaq Global Commodities on the potential for MiFID II to drive freight trading out of the EU, possibly…
The approval process for TR inspections and its wider implications
See here for a case report by Allen and Overy on the JD Supra web site (and reproduced from www.practicallaw.com) about a UK high court judgement involving ESMA vs. DTCC. As…
Griffin/EFETNet connection announced
Griffin Markets last week announced a connection to EFETNet's RRM which will be provided free of charge for reports of data that arises out of trading on Griffin. The announcement…
Delay in submission of final MiFID II and MAR Regulatory Technical Standards
It has been agreed by the European Commission and ESMA that the final submission of the Regulatory Technical Standards (RTS) for MiFID II and the Market Abuse Regulation(MAR) be delayed…