ACER issues 6th edition of REMIT Guidance
ACER has published the 6th edition of the REMIT Guidance, which provides support for most aspects of the regulation, other than reporting. The new Guidance can be found here. The…
ESMA launches consultation on EMIR REFIT reporting
ESMA has launched a consultation on its draft Guidelines for derivatives reporting under EMIR. The document can be found here. It follows the report issued by ESMA in December 2020,…
Opinions from ESMA on revision of MIFID II gas position limits
ESMA has issued opinions on three position limits under MIFID II with gas underlyings. Opinions are issued following the position limits being set by the National Competent Authority (NCA) in…
FCA issues “letter of no action” on MIFID II position limits; EMIR related fine issued by ESMA
Last week the UK's Financial Conduct Authority (FCA) issued this statement which announced that MIFID II position limits will no longer be applied to cash settled commodity derivatives. Position limits…
UK Government opens consultation on MIFID II
Her Majesty's Treasury (HMT) has opened a consultation, the "Wholesale Markets Review", which primarily covers the future application of MIFID II in the UK, now that a separate jurisdiction exists…