5 months to Brexit – EMIR announcements, the US joins the fight, UK ETS replacement
In 5 months' time, the UK will no longer be part of the European Union. With no deal agreed at this stage, many are now preparing for a "hard Brexit"…
MiFID II update: Position limits changes and wider news – MiFID III
There has been some activity on the MiFID II side of things since our last post (see here), a small proportion of which relates to energy and commodities: Recently the…
New ACER documents reveal more fines and other information – More investigations in China
ACER yesterday issued the follow documents and updates: An updated Questions and Answer document on REMIT (here) An updated list of "accepted EICs" for use as the delivery point in…
Monitoring fine in the UK and manipulation cases in the US
Activity in the anti abuse sphere continues, in addition to the large REMIT fine levied in France last week (see here). In the UK, the FCA published this Decision Notice,…
Brexit update – Security of supply, MiFID II and more
There has been a great deal of political activity since our last post on Brexit (see here), with the next important summit taking place tomorrow (see here on the Reuters…
Blockchain and crypto update
There have been several developments of note in the crypto currency and regulatory world since our last post on the topic (see here). A few of note are covered in…
Vitol receives €5m REMIT fine
Vitol SA has received a fine of €5m levied by the Commission de régulation de l'énergie (CRE), the French National Regulatory Authority for a breach of REMIT. The fine is levied for…
New MiFID II position limits opinions issued by ESMA and other related updates
ESMA has issued "opinion" documents on three MiFID II position limits, which relate to limits already published by National Competent Authorities. They are: ICE Natural Gas Futures - here EEX…
ESMA issues updated MiFID II information for commodity derivatives
ESMA has issued two documents relating to MiFID II for those who trade commodity derivatives: Updated Q+A (here) - This has updates on position limits, position reporting and the ancillary…