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EMIR reporting best practices spreadsheet – and a reporting article

ISDA this week issued this spreadsheet relating to EMIR reporting. It is a version of the EMIR “validations spreadsheet” with added columns for many of the fields, that provide best practice notes on how they should be filled. The spreadsheet was produced by several industry associations, including ISDA, EFAMA, EVIA, FIA, BVI, GFXD and IA. … Continue reading

Two weeks to the anti-abuse forum – and case updates

There are two weeks to go until the 3rd anti-abuse forum is held in London, on 9th March 2020. ETR Advisory and the Market Abuse Centre jointly organise the events for the energy and commodities industries, which are open to all professionals in the European energy and commodities markets. No membership of any organisation or … Continue reading

New REMIT quarterly published

ACER yesterday published the latest version of the quarterly newsletter on REMIT, which can be found here. The latest version of the newsletter covers several topics including: Data collection statistics . The impact of  Single Intraday Coupling (SIDC) from a data collection perspective. How the data collected by ACER is used by authorised third parties. … Continue reading

MiFID II consultation – commodity derivatives topics

Yesterday the European Commission opened a consultation on certain aspects of MiFID II and MiFIR. The document can be found here. The consultation includes aspects relevant to energy and commodity market participants, including relating to the position limits regime, about which a consultation run by ESMA has recently closed (see here). This article on the … Continue reading

6 years of EMIR reporting

It is 6 years today since EMIR reporting started, on the 12th February 2014. The initial post from that day can be found here. Interestingly, for those in the energy industry, the start date also coincided with the eWorld fair. Since then there have been several changes to the reporting formats, initially through “validation” updates … Continue reading

MiFID II position limits opinions published by ESMA

On Friday ESMA published a set of opinions on MiFID II position limits that have been submitted to them by National Competent Authorities (NCA). The process under MiFID is for NCAs to establish the limit levels, and then to submit them for an opinion to ESMA. In this instance, one previously submitted limit, on OMIP … Continue reading

Commodity derivatives pre trade transparency rules under MiFIR, Brexit

Yesterday, ESMA published this statement, providing an update on the matter of financial trading venues’ compliance with the MiFIR pre-trade transparency rules. This follows a briefing published in June that advised that venues where commodity derivative instruments were traded did not qualify for a waiver from the rules and so would be required to comply … Continue reading

CFTC proposes position limits rules

Last Thursday the CFTC unveiled the latest and possibly final proposal for mandatory position limits on certain commodity derivative contracts. This is the latest version of the rules which formed part of the Dodd Frank Act but which so far have not been implemented (see here). The new version proposes several changes to the previously … Continue reading

eWorld – Essen 11th to 13th February

The “e-world” exhibition takes place next week in Essen, Germany (see here). This sees a gathering of a large cross section of Europe’s energy industry. Anyone wishing to meet on the 11th or 12th February for a general discussion on the regulation of the wholesale energy market is welcome to email info@etr-advisory.com or to fill in … Continue reading