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Possible changes coming to MiFID II exemption rules

Wednesday saw a meeting at the Economic and Monetary Affairs Committee at the European Parliament on MiFID II, at which Steven Maijoor, chair of ESMA, presented. His opening speech can be found here. In it there are signs that the currently proposed tests for exemption under MiFID II may be changed before the final Regulatory Technical Standards … Continue reading

Section 4 of REMIT registration due today for some

According to the REMIT Quarterly newsletter, those market participants who have already registered in the CEREMP (central database of market participants) must fill in section 4 by today, 17th June, 3 months after the original register was published. It is referred to in the panel on the left of the last page. There are many … Continue reading

Template REMIT reporting agreements for OMPs published by JEAG and LEBA

The Joint Energy Association Group (JEAG) and London Energy Brokers Group have published a template that can be used for a reporting agreement for Organised Market Places under REMIT. The press release can be found here. The template can be used on a bilateral (here) or trilateral (here) basis and is intended to be used by … Continue reading

REGIS-TR and Trayport announce partnership for REMIT – Webinar on 22nd June

REGIS-TR and Trayport have announced a new partnership today in this press release. REGIS-TR are intending to offer a “full RRM” service under REMIT, which will allow market participants to use the service to report all types of data to ACER. This will work in conjunction with their EMIR Trade Repository, offering a “one stop shop”. Trayport … Continue reading

FIA review of regulatory reform in Europe

The Futures Industry Association(FIA) have just published this review of regulatory reform in Europe, covering rule sets such as EMIR, MiFID and others. Several topics are covered, many of which will be of interest to those in commodities and energy trading, including trade reporting and clearing. The document comes during the EMIR review being conducted … Continue reading

Traders banned and fined over wash trades and spoofing

Last Friday the CME banned and fined two traders for market manipulation on several of their North American markets, including some commodity markets, according to this article on the Reuters website. One of the bans was for the execution of wash trades,  i.e. trades where the same party executes uneconomic buys and sells in the same product simultaneously. In this case … Continue reading

A new round of MiFID II pushback

As we move closer to finding out what, if any, compromises will be incorporated into the final MiFID II standards, more voices are pushing back against the currently proposed rules, following other statements earlier this year. Firstly, Mars, the confectionery company, have now joined the push back, signing a letter to the European Commission which has … Continue reading

6th REMIT Q+A published – Many useful and interesting new answers

ACER have just issued the 6th version of their questions and answers document on REMIT, which can be found here. A great deal has been added in this edition, much of which is useful, interesting or both. A short document has been compiled by ETR Advisory examining the changes, which can be found here.

ACER publishes list of pre registered RRMs

ACER have just released a list of full 25 RRMs that are in the process of getting approval for the first REMIT reporting deadline on the 7th October. The press release can be found here, and the list of RRMs can be found here(the link on the press release currently requires a password). The list … Continue reading

Polish Power Exchange (TGE) launches “full” RRM

The Polish Power Exchange (TGE) have today announced that they will be offering a “full” RRM under REMIT. A full RRM offers the ability to report all types of trade and order data under REMIT, including off venue data and data from other venues. The press release can be found here. Organised Market Places (OMPs) … Continue reading