MCM, UK CBAM and AAE – Seasonal greetings
It has been agreed that the Market Correction Mechanism(MCM), which limits the price of wholesale gas (see here) together with other emergency measures, will be extended for another year. The announcement…
FCA consultation on the reform of the commodity derivatives framework
Yesterday the UK's Financial Conduct Authority (FCA) opened this consultation covering the proposed changes to the commodity derivatives regime in the UK. It focuses on changes to the position limits…
EMIR fine in Ireland – BATE (Swiss REMIT) provisional legislation
Last week the CBI (Central Bank of Ireland) fined an investment fund €192,500 for breaches of the EMIR Article 9 reporting rules. This is the first EMIR reporting fine in…