MiFID II position limits opinions
Last week ESMA issued 3 MiFID II position limit "opinions" on 3 commodity derivative contracts traded on EEX. This follows the publication of opinions in May (see here). Each opinion has confirmed…
Last week ESMA issued 3 MiFID II position limit "opinions" on 3 commodity derivative contracts traded on EEX. This follows the publication of opinions in May (see here). Each opinion has confirmed…
ACER has put up this page on their web site, showing all sanctions issued across the EU against market participants under REMIT Articles 3 and 5 (Insider trading and market…
This blog is back after a short break. Last week, ESMA published an updated Questions and Answers (Q+A) document, as well as a letter around REFIT (see here). The updated…
EMIR "REFIT", which introduces some significant changes to the way in which EMIR is complied with, has finally been published in the Official Journal of the European Union. The document…
ESMA has issued an updated document on the market sizes to be used for the Ancillary Activity test, which must be undertaken by energy and commodity market participants who wish to…
Two fines have been levied by the CMNC, the National Regulatory Authority of Spain, both for "physical withholding": A fine of 5.8M Euros against Endessa Generación, S.A. (see here). A…
Recent market manipulation cases (for example see here) have continued the trend of an increased focus on anti abuse activity on the part of regulators. Earlier this year, the UK's…
There have been developments in the story around the suspension of the GB capacity market since our last post here. This story on the Utility Week web site reports that…
While the impact of MiFID II on the energy and commodities sector has been relatively quiet recently (see here), there has been a great deal of discussion in the wider…
The CFTC has charged a former natural gas trader for fraudulently mis-marking physical and futures natural gas trades, as announced in this press release. David Smothermon is alleged to have…