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ACER report on gas storage and British energy security strategy

  • Post author:Aviv
  • Post published:April 8, 2022
  • Post category:Pricing/Storage

Following the publication of a legislative proposal by the European Commission on security of supply measures related to gas storage (see here), ACER has published a report on the current…

Continue ReadingACER report on gas storage and British energy security strategy

Pushback against market interventions – gas storage targets

  • Post author:Aviv
  • Post published:April 5, 2022
  • Post category:Pricing

EEX has yesterday issued this press release, which reports on a statement from their Exchange Council with respect to possible market interventions proposed by some EU Member states. The statement…

Continue ReadingPushback against market interventions – gas storage targets

ECB turns down industry request – investigation into LME nickel trading suspension

  • Post author:Aviv
  • Post published:April 4, 2022
  • Post category:Margining/Pricing

The European Central Bank has declined a request from the energy industry for financial support due to margin calls resulting from recent volatility. The story is reported here on the…

Continue ReadingECB turns down industry request – investigation into LME nickel trading suspension

ACER updates reporting and other documents

  • Post author:Aviv
  • Post published:March 31, 2022
  • Post category:REMIT

ACER has today issued several updated documents relating to REMIT. The majority of the updates comprise a significant update to the reporting documents. There is also an updated REMIT Questions…

Continue ReadingACER updates reporting and other documents

Updates: ETS in the EU and UK – EU Position management

  • Post author:Aviv
  • Post published:March 29, 2022
  • Post category:Brexit/ETS/Mifid

ESMA has released this final report on emissions allowances and associated derivatives. The report looks at the Emissions Trading Scheme (ETS) in Europe and how the process and markets in…

Continue ReadingUpdates: ETS in the EU and UK – EU Position management

UK TR approved, Ofgem REMIT statements updated, coupling and more

  • Post author:Aviv
  • Post published:March 25, 2022
  • Post category:Brexit/EMIR/REMIT

The REGIS TR UK EMIR Trade Repository has received a full licence, as announced here. The TR has been available for use since the end of the Brexit transitional period,…

Continue ReadingUK TR approved, Ofgem REMIT statements updated, coupling and more

Market situation: Requests for intervention

  • Post author:Aviv
  • Post published:March 24, 2022
  • Post category:Margining

The current market situation has caused increased margin calls to be issued to many market participants. This article on the Financial Times web site reports that EFET have requested that…

Continue ReadingMarket situation: Requests for intervention

Update from the FCA on Ancillary Activity Test

  • Post author:Aviv
  • Post published:March 15, 2022
  • Post category:Brexit/Mifid

Following the consultation opened on the method for UK entities to carry out the MIFID II Ancillary Activity Test recently(see here), the UK's Financial Conduct Authority (FCA) has issued this…

Continue ReadingUpdate from the FCA on Ancillary Activity Test

FCA proposes changes to current Ancillary Activity Test

  • Post author:Aviv
  • Post published:March 4, 2022
  • Post category:Brexit/Mifid

Following on from the publication of the response to the Wholesale Market Review (see here), the FCA has included a section on the MIFID II Ancillary Activity Test in their…

Continue ReadingFCA proposes changes to current Ancillary Activity Test

Response published to UK Wholesale Markets Review and a comment on MAR with respect to the Ukraine situation

  • Post author:Aviv
  • Post published:March 4, 2022
  • Post category:Brexit/MAR/Mifid

The UK's HM Treasury has published this response to the Wholesale Markets Review that was run last summer(see here). The review looks at potential changes to MIFID II and other…

Continue ReadingResponse published to UK Wholesale Markets Review and a comment on MAR with respect to the Ukraine situation
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