ACER has today issued the latest version of the REMIT Quarterly newsletter. It covers items such as the recently issued playbook for ACER investigations (see here) and other catch ups. The market still awaits adoption of the REMIT II Implementing and Delegated regulations. The newsletter can be found here.

Last week the UK’s FCA opened a consultation on changes to the clearing threshold under the UK version of EMIR. The proposal is to increase the NFC threshold for commodities to 5bn EUR. In the EU, ESMA recently issued the final report in threshold calculation under EMIR 3.0 which involves a more significant change (see here). The consultation is found in Chapter 7 of the quarterly consultation document which can be found here.

ESMA has also issued a Supervisory Briefing on Algorithmic trading, providing guidance to NCAs on matters such as the application on RTS 6 under MIFID II. It can be found here.