The start of MiFID II on 3rd January increases the scope of the Market Abuse Regulation, which itself started on 3rd July 2016 (see here). Financial instruments executed on Organised Trading Facilities (OTF) as well as emissions allowances will be in scope. As a result the requirements of an Emissions Allowance Market Participant (EAMP) increase on this dates, although there has not been much discussion in this area.

Last week Julia Hoggett, Director of Market Oversight at the FCA made this speech reminding the market of the expanded scope of MAR. The speech discusses the low number of Suspicious Transactions and Order Reports (STOR) receive for both fixed income and commodities activity, asset classes into which MAR expanded the market abuse regime. We can therefore expect increased oversight in the coming months.  This article on the Euromoney web site by Mark Baker reports on the speech.