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Brexit update – Security of supply, MiFID II and more

  • Post author:Aviv
  • Post published:October 16, 2018
  • Post category:Brexit

There has been a great deal of political activity since our last post on Brexit (see here), with the next important summit taking place tomorrow (see here on the Reuters…

Continue ReadingBrexit update – Security of supply, MiFID II and more

Blockchain and crypto update

  • Post author:Aviv
  • Post published:October 10, 2018
  • Post category:Blockchain/Crypto

There have been several developments of note in the crypto currency and regulatory world since our last post on the topic (see here). A few of note are covered in…

Continue ReadingBlockchain and crypto update

Vitol receives €5m REMIT fine

  • Post author:Aviv
  • Post published:October 9, 2018
  • Post category:REMIT/Uncategorized

Vitol SA has received a fine of €5m levied by the Commission de régulation de l'énergie (CRE), the French National Regulatory Authority for a breach of REMIT. The fine is levied for…

Continue ReadingVitol receives €5m REMIT fine

New MiFID II position limits opinions issued by ESMA and other related updates

  • Post author:Aviv
  • Post published:October 9, 2018
  • Post category:Uncategorized

ESMA has issued "opinion" documents on three MiFID II position limits, which relate to limits already published by National Competent Authorities. They are: ICE Natural Gas Futures - here EEX…

Continue ReadingNew MiFID II position limits opinions issued by ESMA and other related updates

ESMA issues updated MiFID II information for commodity derivatives

  • Post author:Aviv
  • Post published:October 3, 2018
  • Post category:Uncategorized

ESMA has issued two documents relating to MiFID II for those who trade commodity derivatives: Updated Q+A  (here) - This has updates on position limits, position reporting and the ancillary…

Continue ReadingESMA issues updated MiFID II information for commodity derivatives

FCA reminds that “peer” approaches to MAR compliance are invalid – and other anti abuse news

  • Post author:Aviv
  • Post published:September 28, 2018
  • Post category:REMIT

Earlier this week, the FCA issued this Market Watch document on market conduct and transaction reporting issues. There are several observations on market abuse surveillance, some of which are relevant…

Continue ReadingFCA reminds that “peer” approaches to MAR compliance are invalid – and other anti abuse news

ACER’s 2019 Work Programme – Some parts of REMIT in danger

  • Post author:Aviv
  • Post published:September 23, 2018
  • Post category:REMIT

Last week, ACER published this version of their "programming document for 2019-2021", which includes the 2019 work plan. Starting on page 37, the document talks of the resources required to…

Continue ReadingACER’s 2019 Work Programme – Some parts of REMIT in danger

Last stage of “Finfrag” delayed by a further 5 years

  • Post author:Aviv
  • Post published:September 17, 2018
  • Post category:FinFrag

Finma, the Swiss National Competent Authority, on Friday announced a 5 year further delay to the start of reporting under the Financial Markets Infrastructure Act (FMIA, also known as "Finfrag")…

Continue ReadingLast stage of “Finfrag” delayed by a further 5 years

Large default in Nordic power market

  • Post author:Aviv
  • Post published:September 14, 2018
  • Post category:Uncategorized

Nasdaq has announced a default on the Nordic Commodities market in this notice, which has been followed by this statement identifying the defaulting party as Einar Aas, a private trader. There…

Continue ReadingLarge default in Nordic power market

Dawn raid in physical withholding case in Romania and a case in the US

  • Post author:Aviv
  • Post published:September 13, 2018
  • Post category:REMIT

The Romanian Competition Council, in cooperation with the ANRE (the National Regulatory Authority of Romania) has carried out dawn raids as part of an investigation into a possible abuse of a…

Continue ReadingDawn raid in physical withholding case in Romania and a case in the US
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