REMIT updates: Fines in Bulgaria and CEREMP changes
DKER, the National Regulatory Authority of Bulgaria, has imposed fines of 10,000 BGN each (approx 5,000 EUR) on two firms for breaches of REMIT Article 4, the obligation to disclose…
Fine in Australia for failure to prevent commodity derivative market manipulation
ASIC, the Australian financial regulator, has fined a financial firm 3.88 million AUD (approx 2.2m EUR) for failing to monitor and prevent "marking the close" of the wheat futures markets.…
FCA multi firm review of algorithmic trading controls
The UK's FCA has released a high level readout of a study that was carried out into principal trading firms’ compliance with MIFID II RTS 6. Overall the FCA noticed…
Draft REMIT II Implementing Act and other documents released by Commission
The European Commission DG Energy has just opened consultations and released draft documents with the proposed new REMIT II Implementing Act as well as the Delegated Regulation on the authorisation…
ACER publishes quarterly REMIT newsletter
ACER has published the latest quarterly newsletter on REMIT, which can be found here. There are the usual statistical updates, updates on how ACER is preparing for the forthcoming publication…
Ofgem issues open letter on capacity withholding in the GB market
This blog is back after a break. A catch up post will be issued in a few days. Ofgem, the National Regulatory Authority of Great Britain, has issued this open…
GB REMA: No zonal pricing
The UK's Department of Energy Security and Net Zero has announced today that there will be no move in Great Britain to zonal pricing as part of the Review of…
FCA opens consultation on the Ancillary Activity Test
The UK's FCA has today opened a consultation on the future of the Ancillary Activity Test under MIFID II, which is used to determine whether an entity may use the…
Minor updates proposed to UK EMIR
The UK's Financial Conduct Authority(FCA) has proposed some minor updates to the UK version of EMIR, which applies to UK entities, as part of its quarterly consultations. The proposed changes…
Firm fined 500k EUR for failure to provide REMIT information(updated) – REMIT webinar
A fine has been levied on a firm by the CRE (the French National Regulatory Authority) and CoRDIS for failing to provide all of the data requested in a Request…