The UK’s Financial Conduct Authority have published the minutes of the last Trade Association Round Table held on 25th April. They may be found here.

Several parts of the minutes are relevant to the commodities and energy sector, including that on RTS 20 (ancillary activity test), RTS 21 (position Limits) and the delegated acts. Since the meeting, ESMA have released a new draft of RTS 21, and the European Commission have published the final Delegated Act.