Several industry associations have published a joint statement expressing concerns about proposed changes to MIFID II and how they will affect energy and commodity market participants. The statement can be…
On Friday the European Commission announced that the Market Correction Mechanism (MCM), which limits the price of derivatives with TTF as the underlying, will apply to derivatives with all EU…
The UK's HM Treasury has published the legislation which redefines how the Ancillary Activity Exemption under MIFID II will be deployed in future. Following the publication of draft versions earlier…
KEVR, the National Regulatory Authority of Bulgaria, has announced the imposition of a fine of 165,000 BGN (approximately 84,260 EUR) for a breach of REMIT Article 5. The announcement in…
The European Commission has released legislative proposals relating to an updated version of REMIT level 1 and also the changes to the EU energy market design, on which a consultation…
The Bank of England and the Financial Conduct Authority(FCA) have announced the start of changes to EMIR reporting in the UK, which will apply from 30 September 2024. The announcement…
The Autoriteit Consument & Markt (ACM), the National Regulatory Authority of the Netherlands, has published guidance on compliance with REMIT Article 4, the requirement to disclose Inside Information on an…
The EU gas Market Correction Mechanism(MCM, see here) goes into effect today. In the event that the required conditions are reached, i.e. the relevant TTF related commodity derivative goes above…
We have been offline for a couple of weeks and this post aims to catch up on some key news: ACER published the first "reference price", which will be a…
The European Commission has opened a consultation on the future design of the European energy markets. The consultation suggests changes in the structures of the market, partly in response to…