MiFID II transposition, updates and regulatory battles
Updates and new around MiFID II continue, following our post last week (see here). The European Commission has issued a warning to 12 member states that they must transpose MiFID…
Brexit update – and meetings at eWorld
As the date of the UK's departure gets nearer there still appears to be little solid information on work that must be carried out in the next 14 months. Never…
Anti-abuse fines on both sides of the Atlantic and more
There has been an increased focus on anti abuse activity in the energy and commodities markets over the past year, due to a combination of the start of MAR in…
MiFID limits and more
The UK's Financial Conduct Authority yesterday set a new position limit on a contract for Swiss baseload power. It will apply from 31st March 2018. The updated list of FCA…
Blockchain updates: Initiatives and warnings
With new blockchain initiatives being frequently announced, for example this one reported on FT.com in agricultural commodities, or even this UN backed initiative to "help fight climate change" reported here…
MiFID II week 4
As another week starts, the industry is "getting used" to MiFID II, although there have been some updates from ESMA, for example the updated "venues" list which can be found…
Clean energy package update
The "Clean Energy Package" took another step forward this week in the European Parliament following a circuitous path to approval. The parliament voted for a 35% renewables target by 2030,…
Blockchain and Crypto update – Regulators, manipulation and more
Following our introductory "blockchain" post last week (see here), there have been several developments in the sector: The recent drop in the Bitcoin price has been widely reported, for example…
EMIR Update: TR Fees and EMIR Review legislative proposal
Last week ESMA published this thematic report, which covers fees charged by EMIR Trade Repositories, starting on page 23. The report expresses concerns regarding several aspects of the fees, such…
MiFID II – week 3
As the third week of MiFID II begins, developments continue following last week's news: BaFin has updated their position limits page, which can be found here. This article on the…