Market abuse update
While there has not been a large fine levied so far in 2021, a few anti abuse pieces of news are of note: The UK's Financial Conduct Authority (FCA) has…
While there has not been a large fine levied so far in 2021, a few anti abuse pieces of news are of note: The UK's Financial Conduct Authority (FCA) has…
Reporting under the Securities Financing Transaction Reporting regulation (SFTR) started yesterday for Non Financial Counterparties (see here). The scope of SFTR includes “commodities lending”, which could be taken to include…
As in previous years, as 2021 opens, this first post will consider what could keep us busy in the regulatory world of energy and commodity trading, focused on Europe. More of…
ESMA has recently issued two further documents of interest to the energy and commodities markets. These are: Consultation paper on Algorithmic trading under MIFID II (here) - The relevant part…
ESMA has issued this report on the new reporting standards to be used for EMIR reporting under a new set of Regulatory Technical Standards(RTS). The changes are significant and are…
ACER has issued several updated documents relating to REMIT: An updated open letter on the application of Brexit with respect to the upcoming transition, which can be found here. The…
Ofgem, the National Regulatory Authority for Great Britain, announced today that EDF Energy Thermal Generation has agreed to pay 6 million GBP for a possible REMIT breach, as well as…
The CFTC has published this report which investigates the oil price "crash" that occurred in April, that sent prices down to negative levels (see here). This article on Bloomberg reports…
ACER has issued some updates last week related to the impact of Covid-19, Brexit in the form of an open letter (see here), and also an updated Guidance document (here).…
ACER has released two documents over the past days: Fourth open letter on data quality - hereNew REMIT quarterly newsletter - here The open letter includes some general observations and…