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REMIT cases, views and forum

  • Post author:Aviv
  • Post published:June 10, 2024
  • Post category:REMIT

The case against a market participant in Spain for market manipulation has moved forward with the prosecutor's office filing a compliant. A report on the filing can be found here…

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FCA suspends changes to the UK MIFID II Ancillary Activity Exemption

  • Post author:Aviv
  • Post published:June 7, 2024
  • Post category:Brexit/Mifid

The FCA has announced that the proposed changes to the MIFID II Ancillary Activity Test that were scheduled for next year are suspended. However, removal of the requirement to notify…

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New REMIT II service launched for non-EU entities

  • Post author:Aviv
  • Post published:June 5, 2024
  • Post category:REMIT

A new service called "REMITREP" has been set up to facilitate compliance with the requirement under REMIT II that non-EU entities have a "Representative" in the EU. The new service…

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Payment of 33.14M GBP under TCLC

  • Post author:Aviv
  • Post published:May 31, 2024
  • Post category:Brexit

An asset owner in Scotland has agreed to make a payment of 33.14 million GBP to Ofgem, the GB National Regulatory Authority, for an alleged breach of the Transmission Constraint…

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Latest REMIT Quarterly issued

  • Post author:Aviv
  • Post published:May 14, 2024
  • Post category:REMIT

ACER has just published the latest REMIT Quarterly newsletter, which can be found here. It summarises many of the news items relating to REMIT that have been relevant over the…

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EMIR UK REFIT Q+As and bilateral margining consultations

  • Post author:Aviv
  • Post published:May 2, 2024
  • Post category:Brexit/EMIR

The FCA has finalised the first 5 sets of Questions and Answers relating to EMIR REFIT UK, following a consultation (see here). The final versions can be found here. Questions…

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EMIR REFIT EU reporting starts tomorrow

  • Post author:Aviv
  • Post published:April 28, 2024
  • Post category:EMIR

Just over 18 months after finalisation which followed much discussion, the reporting phase of EMIR REFIT starts tomorrow in the EU (see here). Many have been preparing for this cutover…

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REMIT fine (Insider trading) in Bulgaria

  • Post author:Aviv
  • Post published:April 25, 2024
  • Post category:REMIT

KEVR, the National Regulatory Authority of Bulgaria, has imposed a fine of 604,064 BGN (just over 300k Euros) on a Market Participant for a breach of Article 3 of REMIT…

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ACER open letter on REMIT II

  • Post author:Aviv
  • Post published:April 17, 2024
  • Post category:REMIT

Following the publication of REMIT II in the Official Journal earlier today (see here), ACER has published an open letter which covers various aspects of implementation, including practical details such…

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REMIT II published in the Official Journal

  • Post author:Aviv
  • Post published:April 17, 2024
  • Post category:REMIT

REMIT II has today been published in the Official Journal of the European Union and can be found here. This follows adoption by the Council (see here). The regulation is…

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