Two webinars on position limits and reporting
This Wednesday sees two webinars on the topic of position limits and position reporting, as defined in Regulatory Technical Standard 21 of MiFID II, and passed recently by the European…
FCA statement on variation margin deadline
Following the statement yesterday from the ESAs on the upcoming variation margin deadline on 1st March, and the letter of no action relief from the CFTC a few weeks ago,…
ESAs issue letter related to upcoming uncleared margin deadline
The European Supervisory Authorities (ESAs, which comprises ESMA, the EBA and EIOPA) have issued this letter on the topic of the upcoming uncleared margin rule deadline (see here). The letter…
HM Treasury publishes response to consultation on MiFID II transposition
HM Treasury has published the response to the consultation that they ran in 2015 regarding the transposition of MiFID II into UK law. The results of the consultation can be…
The next deadline for the Uncleared Margin rules approaches
On 1st March 2017, the rules relating to mandated variation margin on uncleared OTC derivatives start in various jurisdictions across the globe. In the EU, the rules affect those classified…
ACER starts data quality initiative on REMIT data
ACER have today issued this open letter, informing the market of an initiative to improve data quality reported under REMIT. Reporting of data under REMIT started on 7th October 2015…
Resolution objecting to current Position Limits rule defeated
The resolution to object to Regulatory Technical Standard (RTS) 21 (see here), which specifies how Position Limits are to be calculated, has today been defeated in the European Parliament. The result…
ESMA tries to shut down MiFID II SI loophole
Yesterday ESMA issued this letter to the European Commission accompanied by this press release, urging that the Commission cooperate in the closing down of a "loophole" that some are alleged…
More on position limits objections
See here for a post on the EurActiv.com web site which examines the objections to RTS 21 which will be discussed this week in the European Parliament. This follows a…
Objections to Position Limits rules to be discussed in European Parliament this week
This week the European Parliament will discuss Regulatory Technical Standard 21, which specifies how Position Limits are to be calculated under MiFID II. The objections which have previously been reported are…