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MAR, REMIT

STOR issues at LME

See here for a story on FT.com which reports on issues that the London Metals Exchange have experienced with Suspicious Transaction and Order Reporting (STOR), a requirement for exchanges and many market participants under MAR. The story highlights  issues with  the process that LME followed when submitting STORs, which could be attributable to an unscheduled move occurring at a similar time to the start of the Market Abuse Regulation on 3rd July 2016. As well as exchanges, Professional Persons Arranging and Executing Transactions (PPAET) must submit STORs when appropriate. PPAETS are defined by many to cover a wide group.

The story comes at a time when the market is also seeing increased activity around the enforcement of the anti abuse elements of REMIT.

 

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity 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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