2018 draws to a close
As 2018 draws to a close, it is worth briefly reflecting where we stand in the world of regulation, as applied to energy and commodity trading: We opened the year…
Brexit update – CCP access and Swiss equivalence
As the political side of the "brexit" process continues to twist and turn (see for example here on Sky News), there have been more developments affecting those in energy and…
SFTR delegated regulation adopted by Commission
Last week, the European Commission adopted several level II texts relating to the Securities Financing Transaction Regulation (SFTR). The rules require that transactions in repurchase agreements, securities lending/borrowing, commodities lending/borrowing,…
Open Anti Market Abuse Forum to be run in London
ETR Advisory and the Market Abuse Centre will jointly organise an open "anti abuse" forum for the energy and commodities industries, to run in London on Monday 11th March 2019. This discussion forum…
REMIT fine in Denmark and failed case in the US
On Friday the Danish Utility Regulator announced that Danmark Energi has been fined 750,000 Danish Krone as well as a charge of 354,000 Danish Krone for disgorgement, for a breach…
Brexit update: Ofgem REMIT letter and more documents
The general news around Brexit has been very active in the last few days (for example, see here on the BBC web site). There have also been developments relevant to…
Manipulation fines under REMIT in Spain
The Comisión Nacional de los Mercados y la Competencia (CNMC), the Spanish National Regulatory Authority (NRA) has fined Galp Gas Natural S.A.and Multienergía Verde, S.L.U 80,000 EUR and 120,000 EUR…