Ofgem, Great Britain's National Regulatory Authority (NRA) yesterday issued this open letter to the market on the topic of "scarcity pricing" and conduct. It reminds market participants that generation must…
It is now just over a week since Regulatory Technical Standard 20, which specifies the Ancillary Activity test, was adopted by the European Commission (see here). The adoption came after…
The CFTC in the US have fined Société Générale SA $450,000 for failing to report trades to an SDR (Swaps Data Repository). The notice can be found here. The bank…
FERC, the Federal Energy Regulatory Commission in the US, have published this report, which will also be of value to European market participants complying with REMIT and MAR. It contains sections…
While we digest the latest editions of MiFID II RTS 20, on the Ancillary Activity test, and RTS 21, on Position limits (more posts later this week on this topic),…
Following the earlier announcement, the European Commission have announced new versions of both RTS 20 on the Ancillary Activity test, and RTS 21 on Position Limits. The announcement can be…
The European Commission have just published the latest version of Regulatory Technical Standard 20, which specifies the "Ancillary Activity" test, that determines whether commodity and energy market participants must set…
Last week the European Commission published this report, which provides views of the implementation of EMIR since it came into force in August 2012, and started to apply in the…
The Market Abuse Regulation (MAR), which impacts the energy and commodity trading sector, started on 3rd July 2016. Since then, it has been necessary for any "PPAET" (Professional Person Arranging…
While we await the next version of RTSs 20 (Ancillary Activity) and 21 (Position Limits) in Europe, there is an effort by the CFTC to get the US version of…