Brexit day arrives
At midnight tonight CET, 11pm GMT the UK will officially leave the European Union. While some are moving (see here on Sky News) and others are celebrating (see here on…
More anti abuse activity
In addition to the REMIT fines announced last week (see here) and the week before (see here) there has been other anti abuse activity this year: In the US, this…
BP Gas Marketing Ltd fined 1M EUR for activity on French gas market
It was announced on Friday by the CRE (Commission de régulation de l'énergie, the French National Regulatory Authority) that BP Gas Marketing Ltd has been fined 1 million Euros for…
3rd open anti-abuse meeting and more cases worldwide
This year has already seen one REMIT fine (see here) as well as anti-abuse activity in other parts of the world. For example the Dalian Commodity Exchange in China announced…
Position limit consultation responses published
ESMA has published the responses received to the consultation recently run on the MiFID II position limit regime (see here). The responses can be found here. Some organisations such as…
REMIT fine announced in Lithuania
The National Energy Regulatory Council of Lithuania (NERC), the National has just announced that UAB Geros dujos has been fined EUR 28,583, which corresponds to 7.5% of annual revenue, for…
ACER to tighten REMIT reporting validation rules
Last week ACER announced here that some of the validation rules relating to reporting will be tightened from 30 June onwards. The change relates to the use of Energy Identifier…
Final SFTR documents published – commodities information
Earlier this week ESMA published a final series of documents relating to the Securities Financing Transaction Reporting regulation (SFTR). The scope of SFTR includes “commodities lending”, which could be taken…
MiFID II is two years old
It is now exactly two year since "the day of the MiFID" arrived on 3rd January 2018 and MiFID II started to apply (see here). MiFID II brought some significant…
Regulation in 2020 – what can we expect?
As in previous years, as 2020 opens, we will dedicate this first post to considering what will keep us busy over the coming months in the regulatory world of energy…