Latest REMIT Q+A published – 11th edition
ACER have published an updated version of their Questions and Answers document on REMIT, the 11th version, which can be found here. The new answers are as follows: Registration/Backloading By…
New RRMs
In the few weeks since reporting started under REMIT, two RRMs have received approval: SEMO - The Single Energy Market Operator running the Irish market. MIBGAS - The Iberian Gas…
Articles on spoofing
The REMIT rules prohibit actual and attempted market manipulation in the gas and power market, as do the MAR rules in other markets. One such manipulation method is "spoofing", where…
MiFID II updates and comments – FCA conference and others
It now a week since the FCA MiFID II conference was held in London. The slides from the meeting have not yet been shared, but the key note speech by…
London Metal Exchange paper on the impact of regulatory change
The London Metal Exchange (LME) have recently issued this paper which examines the impact of several regulations on the metals trading market. MiFID/MiFIR The paper first notes that the loss…
Article on MiFID and REMIT
See here for a post on the Broadpeak blog that covers both some basic thoughts on MiFID transaction reporting and also some observations on how REMIT reporting is going, two…
ESMA translation of guidance on definition of a derivative
ESMA today issued this press release announcing the availability of translated versions of guidance on the application of MiFID Annex 1 Sections C6 and C7, which form the basis of defining whether…
MiFID II comments
The final draft of the MiFID II/MiFIR Regulatory Technical Standard(RTS) was published on September 28th. Key sections for the commodity and energy trading sector include the section on the ancillary exemption…
End of REMIT reporting week 2 – looking at the next tasks
It has been a quiet week in terms of news on how the second week of REMIT reporting is going, with little published. That does not mean that many are…
REMIT Reporting week 2
We are now in the second week of REMIT reporting, which kicked off last Wednesday. Friday saw the release of this statement from ACER (reproduced on the MondoVisione site). The…