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Dodd Frank, MAR, REMIT

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 here that 116 abnormal transactions were investigated in Q4 2019. In the US, the ongoing case in the alleged manipulation of where futures continues, as reported here on the Shearman and Sterling LLP web site and previously reported here.

The 3rd open anti-abuse meeting for the energy and commodities markets will take place in London on 9th March 2020. Details can be found here. The meeting follows the previous events that took place in London in March 2019 and Amsterdam in November 2019. The meeting takes place the day before the ETRC Summit (see here).

ETR Advisory and the Market Abuse Centre jointly organise the events for the energy and commodities industries.  They are open to all professionals in the European energy and commodities markets to provide a public mechanism to discuss issues arising out of the implementation of MAR and REMIT. No membership of any organisation or venue is required to take part. Attendees must work in a role connected with anti-abuse activity or technology to participate.

The coordinators bring the meetings to the industry on a non-commercial basis, with charges used to fund venue hire and logistical costs. The intention of the forum is to allow open discussion on the real issues that market participants face when implementing these rules. All roles connected to the industry are invited, which spans not only market participants, venues and regulators, but also technology providers and advisers.


About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.


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