EFET have today issued this statement, calling for the "capital employed" test to be reintroduced into the assessment of whether trading is an "Ancillary Activity" of the firm, determining whether they…
See here for a copy of a letter sent by Markus Ferber MEP (Christian Democrat) and Roberto Gualtieri MEP ( Progressive Alliance of Socialists and Democrats) to the European Commission highlighting…
EFETNet have recently made two announcements, both related to the eRR regulatory reporting service. The first (here) announces that phase 2 REMIT reporting will initially be available free of charge…
See here for a press release from Spain's CNMC announcing a sanction on Iberdrola Generación of a 25 million Euro fine for a breach of REMIT. The fine can still be…
See here for a post on LinkedIn by Harry Nota of Openlink on the topic of surveillance. The post considers the fact that ACER are already collecting on venue data…
ACER yesterday issued the 12th version of their Questions and Answers document on REMIT, which can be found here. Commentary on the previous edition can be found here. There are…
The European Parliament has this morning issued this statement signalling their agreement to a one year delay to the start of MiFID on condition that the implementing legislation is completed without…
It has been reported in several places that MEPs in the European Parliament have agreed not to block a MiFID delay. This article on FT Adviser indicates MEPs agreement, and…
The Swiss Federal Council yesterday agreed to bring the Financial Market Infrastructure Act (FMIA, also known as "Finfrag") into force as of 1st January 2016. The announcement together with links to…
The last few days has seen a continuation of activity and publications around the proposed delay to the implementation of MiFID II. This article on the Reuters website reports an…