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One week to go until REMIT reporting starts

There is one week to go until the first phase 1 REMIT data collection starts, which requires orders and trades arising out of activity on Organised Market Places(OMP)  to be reported to ACER within a day that the activity took place. As of now there are 27 approved RRMs (which can be seen here). There … Continue reading

Final MiFID II and MAR RTS published

We are back online, to find that ESMA published the final Regulatory Technical Standards for MiFIR/MiFID II and MAR on Monday. The full press release and set of links can be found here. The key documents for those in commodities and energy are the Final Report on the draft MiFIR/MiFID II RTS, which can be found … Continue reading

Minutes of FCA MiFID II roundtable

The UK Financial Conduct Authority(FCA) has published minutes of the last MiFID II round-table held on 14th September, which can be found here. There are a few items of interest. The date for the publication of the final MiFID II Regulatory Technical Standard(RTS) was announced as 24th September. However the RTS has not been published … Continue reading

MiFID RTS publication delayed

It has been reported in various publications, including “The Trade” website here, that the publication  of the MiFID Regulatory Technical Standards (RTS) has been delayed until next week. They were said to be due for publication yesterday.

Two more RRMs approved

With less than two weeks left before the first REMIT reporting deadline, two more RRMs (Registered Reporting Mechanisms) have been approved today: Borzen – The Slovenian Power Market Operator (details here) CEEGEX – The Central European Gas Exchange (details here) The full list of approved RRMs can be found here.

MiFID II RTS due

According to many sources, the final MiFID II Regulatory Technical Standards (RTS) are due to be published by ESMA shortly. This article on the ICIS website highlights the issues that will affect the commodity and energy trading market, which has been covered on this blog as well. The Financial Times has also published this article … Continue reading

Article on the potential for abuse in the European Energy markets and other matters

See here for an interesting article on the Platts website which shares some of the information that came out at the recent public meeting in Ljubljana about REMIT (documented by ETR here), and examines how likely the rules are to uncover abuse. It also makes interesting comparisons with the US and how abuse has been dealt … Continue reading

Latest RRM approvals

The last week has seen a few more RRMs approved by ACER in readiness for the first REMIT reporting deadline, now less than 3 weeks away. The list can be found here. September approvals include: Abide Financial  – see press release here CME Trade Repository – see here EEX and EPEX Spot – see press release here … Continue reading

Letter from energy trading industry associations re MiFID II

With the publication of the final MiFID II/MiFIR RTS (Regulatory Technical Standard) hopefully approaching, seven industry associations have written a letter (here) to the European Commissioner outlining their concerns about the possible impact of MiFID II on the industry. There has been a great deal of push-back over the year. This letter may be the final … Continue reading

Notes available from REMIT open meeting on 8th September

ETR Advisory’s notes from the public meeting held at ACER’s premises on 8th September 2015, together with structured links, are available here. These notes constitute the author’s recollection only. If there are any comments or corrections readers should feel free to email them to the author.