Catching up: GB TCLC penalty, IOLC and market design (GB/EU)
This is the final "catching up" post following our offline period. The previous post on REMIT can be found here and CBAM/EMIR here. In Great Britain a generator was asked…
Catching up: CBAM, EMIR REFIT
This post continues the "catch up" series to cover key items that occurred during our "offline" period (see here for the catch up on REMIT). CBAMOctober 1st saw the start…
UK Ancillary Activity exemption legislation published
The UK's HM Treasury has published the legislation which redefines how the Ancillary Activity Exemption under MIFID II will be deployed in future. Following the publication of draft versions earlier…
EMIR “REFIT” UK to start September 2024
The Bank of England and the Financial Conduct Authority(FCA) have announced the start of changes to EMIR reporting in the UK, which will apply from 30 September 2024. The announcement…
Catch up: LNG reference price, REMIT Quarterly, UK AAT and more
We have been offline for a couple of weeks and this post aims to catch up on some key news: ACER published the first "reference price", which will be a…
UK Chancellor announces change to UK Ancillary Activity Test
Jeremy Hunt, the UK's Chancellor of the Exchequer, announced a series of changes on Friday to Financial Services legislation as part of the "Edinburgh Reforms". His speech included a commitment…
EMIR REFIT date set and energy intervention finalised
The significant changes to EMIR reporting that have been in discussion for quite some time (see here) will apply in the EU from the 29th April 2024, following the publication…
GB Review of electricity market and open letter on the balancing market
Earlier this week, BEIS (The UK Government Department of Business, Energy and Industrial Strategy) opened a consultation on the Review of the Electricity Market Arrangement (REMA). The consultation document can…
Updates: ETS in the EU and UK – EU Position management
ESMA has released this final report on emissions allowances and associated derivatives. The report looks at the Emissions Trading Scheme (ETS) in Europe and how the process and markets in…
UK TR approved, Ofgem REMIT statements updated, coupling and more
The REGIS TR UK EMIR Trade Repository has received a full licence, as announced here. The TR has been available for use since the end of the Brexit transitional period,…