Seasonal greetings
We wish all of our readers a very Happy Holiday season! This blog will be active over the holiday period and we will be providing an update on market interventions,…
ACER publishes details of LNG price assessment data reporting rules
ACER yesterday published details of how to report data relating to the Council Regulation first published in October to support the publication of an LNG p;rice assessment and benchmark (see…
EMIR REFIT Final Report and validations published
ESMA has today published a Final Report regarding the EU EMIR REFIT on reporting, a major change that will go into force on 29th April 2024(see here). The Final Report…
ACER updates REMIT Q+A
ACER has today published an updated REMIT Q+A document which can be found here. It added and updated 6 answers in total: whether battery storage contracts are reportable (III.3.51) that…
UK Chancellor announces change to UK Ancillary Activity Test
Jeremy Hunt, the UK's Chancellor of the Exchequer, announced a series of changes on Friday to Financial Services legislation as part of the "Edinburgh Reforms". His speech included a commitment…
Broker fined for MAR breach
The UK's Financial Conduct Authority (FCA) has fined a broker group 4,775,200 GBP, for breaches of the Market Abuse Regulation Article 16(2), which requires "Professional Persons Arranging or Executing Transactions"…
REMIT fines issued in Bulgaria
EWRC, the National Regulatory Authority of Bulgaria, has announced that six market participants have been fined a total of 1.258m Levs (641k Euros) for breaches of REMIT Article 5, the…