ESMA publishes market sizes opinion for Ancillary Activity test
ESMA has today published an opinion on some of the market sizes which can be used for the Ancillary Activity test, which must be undertaken by energy and commodity market…
MiFID II goings on
With just over 6 months to go until the start of MiFID II, there is much to do for many. Whilst many energy and commodity traders who intend to use…
ACER publishes updated REMIT Q+A with answers on Inside Information disclosure
ACER has published an updated version of the REMIT Questions and Answers document, which can be found here. There are three new answers, relating to inside information disclosure, which start…
ACER issues guidance on wash trades
ACER yesterday issued this guidance note which provides a detailed examination of scenarios that are considered to be "wash trades" and therefore illegal under REMIT. The document looks at different…
Information on MiFID II commodity derivatives rules
Yesterday saw a reminder from the FCA for any firm requiring MiFID authorisation on 3rd January 2018 to submit applications by 3rd July (see here). There have also been a…
Reminder from the FCA to submit MiFID applications
The UK's Financial Conduct Authority have today issued this reminder that applications to either become an Investment Firm, or an appropriate Variation of Permissions, should be submitted by 3rd July…
More on EMIR
See here for an article on the Reuters web site which talks of the difficulties for some of preparing for the start of the new EMIR RTS, on 1st November.…
Information on the new EMIR RTS
The new EMIR Regulatory Technical Standard (RTS) will start to apply from 1st November 2017 (see here). See here for a link to a video on The OTC Space with…
Article on the paradox of scarcity pricing
See here for an article on the EurActiv web site on scarcity pricing. The article examines the paradox which sees that on the one hand, one of the "selling points"…
No MiFID II delay – position reporting ITS in journal
Despite calls for a phased start to MiFID II over the last few weeks (see here), ESMA has reiterated that there are to be no further delays to the start,…