Update from the FCA on Ancillary Activity Test
Following the consultation opened on the method for UK entities to carry out the MIFID II Ancillary Activity Test recently(see here), the UK's Financial Conduct Authority (FCA) has issued this…
FCA proposes changes to current Ancillary Activity Test
Following on from the publication of the response to the Wholesale Market Review (see here), the FCA has included a section on the MIFID II Ancillary Activity Test in their…
Response published to UK Wholesale Markets Review and a comment on MAR with respect to the Ukraine situation
The UK's HM Treasury has published this response to the Wholesale Markets Review that was run last summer(see here). The review looks at potential changes to MIFID II and other…
ISDA response to the UK EMIR Consultation
ISDA has published a response to the consultation recently run by the FCA and Bank of England on proposed changes to the EMIR reporting rules in the UK (see here).…
2022 begins
As the year opens, here we gather a few thoughts on what we can expect for the year ahead, with respect to the primary rules covered by this blog, and…
FCA statement on supervision of MIFID II position limits
The UK's Financial Conduct Authority yesterday issued this statement relating to position limits under MIFID II. It extends the approach outlined in this statement last year, on page 9, which…
FCA and Bank of England open consultation on UK EMIR reporting
The UK's Financial Conduct Authority together with the Bank of England have opened a consultation on proposed changes to the EMIR reporting regime in the UK. The consultation document can…
FCA regulatory initiatives grid – UK EMIR and MIFID II consultations
The UK's Financial Conduct Authority (FCA) has updated their "Regulatory Initiatives Grid", which can be found here . It includes a revised date for a consultation on EMIR REFIT, now…
Hearing for EMIR consultation, Nord Stream 2 ruled within EU regulation, CFTC adds venues to “Brexit exemption”
ESMA has announced that there will be a hearing related to the consultation currently open(see here) around EMIR reporting on the 20th September. More details can be found here. The…
Opinions from ESMA on revision of MIFID II gas position limits
ESMA has issued opinions on three position limits under MIFID II with gas underlyings. Opinions are issued following the position limits being set by the National Competent Authority (NCA) in…