Brexit: CCP equivalence to be extended
The European Commission has confirmed in a speech that the temporary equivalence of UK Central Clearing Counterparties (CCP) will be extended further than the end of March 2020, as previously…
The European Commission has confirmed in a speech that the temporary equivalence of UK Central Clearing Counterparties (CCP) will be extended further than the end of March 2020, as previously…
Anti abuse penalties continue to increase in the US following recent fines (see here). These include a settlement of $67.4 m between the CFTC and Tower Research Capital LLC for…
ESMA has opened a consultation on the MiFID II position limits and position management regimes, following a “call for evidence” earlier this year (see here). The consultation document can be…
The 2nd open anti-abuse forum for the energy and commodities will take place in Amsterdam on the 11th November 2019, in one week's time. There are still a few places…
The Bundesnetzagentur, the National Regulatory Authority of Germany, has announced that it is investigating six companies for possible irregularities in the balancing market. The announcement can be found here. The…
Last week the European Commission ruled that the GB Capacity Market should be restored, following its suspension in November 2018 (see here). The press release from the Commission can be…
The latest news on Brexit is that a new deal has been negotiated (see here on the Sky News web site). However, with a "no-deal" exit still possible on 31st…
The UK's Financial Conduct Authority (FCA) announced last week that Tullet Prebon Europe Limit (TPEL) has been fined £15.4 million for "failing to conduct its business with due skill, care…
The Utility Regulator, the National Regulatory Authority(NRA) for Northern Ireland, has published this updated note which provides guidance to affected entities as to whether and how to re-register under REMIT…
ESMA and the FCA each yesterday issued updated documents relating to a potential "hard Brexit" on the 31st October: ESMA issued: A public statement summarising the situation (here). A document…