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Catch up: REMIT consultation, fines, UK matters and more

  • Post author:Aviv
  • Post published:July 30, 2024
  • Post category:Brexit/Dodd Frank/EMIR/Mifid/REMIT

After a break we are restarting this blog today. Here are some key stories from the  past weeks. REMIT Implementing Act consultation ACER opened a consultation on the changes to…

Continue ReadingCatch up: REMIT consultation, fines, UK matters and more

Successful appeal against REMIT fine in Romania

  • Post author:Aviv
  • Post published:June 11, 2024
  • Post category:REMIT

One of the four market participants to receive large fines from the Romanian NRA ANRE has successfully appealed against the decision. An article on the decision can be found here…

Continue ReadingSuccessful appeal against REMIT fine in Romania

REMIT cases, views and forum

  • Post author:Aviv
  • Post published:June 10, 2024
  • Post category:REMIT

The case against a market participant in Spain for market manipulation has moved forward with the prosecutor's office filing a compliant. A report on the filing can be found here…

Continue ReadingREMIT cases, views and forum

FCA suspends changes to the UK MIFID II Ancillary Activity Exemption

  • Post author:Aviv
  • Post published:June 7, 2024
  • Post category:Brexit/Mifid

The FCA has announced that the proposed changes to the MIFID II Ancillary Activity Test that were scheduled for next year are suspended. However, removal of the requirement to notify…

Continue ReadingFCA suspends changes to the UK MIFID II Ancillary Activity Exemption

New REMIT II service launched for non-EU entities

  • Post author:Aviv
  • Post published:June 5, 2024
  • Post category:REMIT

A new service called "REMITREP" has been set up to facilitate compliance with the requirement under REMIT II that non-EU entities have a "Representative" in the EU. The new service…

Continue ReadingNew REMIT II service launched for non-EU entities

Payment of 33.14M GBP under TCLC

  • Post author:Aviv
  • Post published:May 31, 2024
  • Post category:Brexit

An asset owner in Scotland has agreed to make a payment of 33.14 million GBP to Ofgem, the GB National Regulatory Authority, for an alleged breach of the Transmission Constraint…

Continue ReadingPayment of 33.14M GBP under TCLC

Latest REMIT Quarterly issued

  • Post author:Aviv
  • Post published:May 14, 2024
  • Post category:REMIT

ACER has just published the latest REMIT Quarterly newsletter, which can be found here. It summarises many of the news items relating to REMIT that have been relevant over the…

Continue ReadingLatest REMIT Quarterly issued

EMIR UK REFIT Q+As and bilateral margining consultations

  • Post author:Aviv
  • Post published:May 2, 2024
  • Post category:Brexit/EMIR

The FCA has finalised the first 5 sets of Questions and Answers relating to EMIR REFIT UK, following a consultation (see here). The final versions can be found here. Questions…

Continue ReadingEMIR UK REFIT Q+As and bilateral margining consultations

EMIR REFIT EU reporting starts tomorrow

  • Post author:Aviv
  • Post published:April 28, 2024
  • Post category:EMIR

Just over 18 months after finalisation which followed much discussion, the reporting phase of EMIR REFIT starts tomorrow in the EU (see here). Many have been preparing for this cutover…

Continue ReadingEMIR REFIT EU reporting starts tomorrow

REMIT fine (Insider trading) in Bulgaria

  • Post author:Aviv
  • Post published:April 25, 2024
  • Post category:REMIT

KEVR, the National Regulatory Authority of Bulgaria, has imposed a fine of 604,064 BGN (just over 300k Euros) on a Market Participant for a breach of Article 3 of REMIT…

Continue ReadingREMIT fine (Insider trading) in Bulgaria
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