Updated MAR Q+A
ESMA has released an updated version of the MAR Questions and Answers document, which can be found here. Question 4.1 page 9 looks at the issue of a blanket order…
FCA to start MiFID II testing
The UK's Financial Conduct Authority is to start testing for its Market Data Processing system from July. The system is used to collect MiFID II data from Authorised Reporting Mechanisms…
LEI registration
The Legal Entity Identifier(LEI) initiative was created as part of the G20 requirements to reduce systemic risk, so that legal entities will have a common and traceable identifier on reports, allowing…
The difficulties on complying on time with MiFID II
With just over 7 months to go until MiFID II starts, there is still a great deal to do, especially for investment firms, although also for other energy and commodity…
ESMA opinion on “Traded on a Trading Venue”
ESMA has published this opinion document on the criteria to determine whether an OTC trade is considered to be "Traded on a Trading Venue" (TOTV). The determination is required to…
ISIN code news
MiFID II will require a far wider use of ISIN codes, which are to be applied in many cases to OTC derivatives and has been previously posted (see here). This…
Message updated: New versions of MoP and REMIT FAQ on fundamental data and inside information – still no date for collection of inside information using web feeds
ACER have today updated the Frequently Asked Questions document on fundamental data and inside information, with several new and updated answers on the reporting of LNG movements, gas in store…
Brexit and the Internal Energy Market
The UK's departure from the European Union, scheduled for March 2019, creates several areas of uncertainty in terms of the regulation of both the financial and energy markets. This article…
Call for transitional period for MiFID II commodity derivatives rules
See here for a posting by Nathaniel Lalone of Katten Muchin Rosenman LLP on the Lexology web site referring to a call by the FIA for a delay to the start of…
Data quality in trade repositories
With changes coming in the formats of EMIR reporting in November, and a wider change coming next year, it is worth considering the quality of the data in trade repositories…