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Mifid

MiFID II – Training, views and news

The year is beginning to get going and many are beginning to think about MiFID II, which commences in under a year. There are still many outstanding questions on RTS 20 and RTS 21 which define the Ancillary Activity test and Position Limits rules. See here for a post by Chris Taylor on LinkedIn about possible flexibility under RTS 20 and a reminder that RTS 21 will apply to all.

For those who must set up a regulatory entity, this article by Alan McIntyre of Risk Focus on The OTC Space looks at transaction reporting, and in particular the adoption of the ISO 20022 standard. This article on the RegTechFS blog looks at the issue of harmonised reporting across streams.

ISIN codes feature heavily in both MiFID transaction reporting, and also in the changes to EMIR reporting as outlined in the amended RTS(see here). This article on the Markets Media web site by Shanny Basar looks at a new facility for issuing ISINs. This article on RegTechFS explains how they will be used.

There is still a great deal to discover, much of which will unfold over the coming months. In the meantime, ETR Advisory and Entrima have announced that their joint course on MiFID II for energy and commodity companies will be repeated in London on 21st February, following the first course, which will take place in Amsterdam on 17th January. Details can be found here.

 

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on energy and commodity regulation. He has more than 20 years of experience in energy and commodity trading, credit, risk and financial technology. He has delivered a series of trading, credit and risk solutions to a wide variety of oil majors, power and gas companies and investment banks. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

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