Last week the UK's Financial Conduct Authority (FCA) issued this statement which announced that MIFID II position limits will no longer be applied to cash settled commodity derivatives. Position limits…
Her Majesty's Treasury (HMT) has opened a consultation, the "Wholesale Markets Review", which primarily covers the future application of MIFID II in the UK, now that a separate jurisdiction exists…
Almost 6 months have passed since the end of the Brexit "transitional phase". Since then, the signs that EU and UK regulation will continue to diverge have continued, especially in…
The Central Bank of Ireland has conducted a "Thematic assessment on Algorithmic Trading Firms’ compliance with RTS 6 of MIFID II". The open letter can be found here. Regulatory Technical…
It is now four months since the end of the transitional phase of Brexit, which ended on 31st December 2020. This catch up post recaps the related news from Q1.…
This final “catch up” post summarises some of the developments and announcements related to Brexit since the transitional period ended on the 31st December 2021, with a focus on the…
As in previous years, as 2021 opens, this first post will consider what could keep us busy in the regulatory world of energy and commodity trading, focused on Europe. More of…
ESMA has issued this report on the new reporting standards to be used for EMIR reporting under a new set of Regulatory Technical Standards(RTS). The changes are significant and are…
ACER has issued several updated documents relating to REMIT: An updated open letter on the application of Brexit with respect to the upcoming transition, which can be found here. The…
ACER has issued some updates last week related to the impact of Covid-19, Brexit in the form of an open letter (see here), and also an updated Guidance document (here).…