What could 2019 have in store for us?
As the working year of 2019 opens, it is worth taking a few moments to consider what will keep us busy in the regulatory world of energy and commodity trading…
2018 draws to a close
As 2018 draws to a close, it is worth briefly reflecting where we stand in the world of regulation, as applied to energy and commodity trading: We opened the year…
Brexit update – CCP access and Swiss equivalence
As the political side of the "brexit" process continues to twist and turn (see for example here on Sky News), there have been more developments affecting those in energy and…
Brexit update: Ofgem REMIT letter and more documents
The general news around Brexit has been very active in the last few days (for example, see here on the BBC web site). There have also been developments relevant to…
Capacity market suspended in GB
Last Thursday, the European Court of Justice (ECJ) ruled in favour of Tempus Energy, against the European Commission, annulling the Commission’s State aid approval for the UK Capacity Market. As…
Brexit – Withdrawal Agreement and Commission hard Brexit plan
It has been a busy few days on the Brexit front, with a great deal of activity since our last post here. Withdrawal Agreement The political side of the Brexit…
Clearing and trading obligation issues – and a Brexit related announcement from ESMA
Last week ESMA issued this statement relating to the upcoming expiry of the temporary carve out provided to certain entities, including those designed as "NFC+" under EMIR, from the clearing…
5 months to Brexit – EMIR announcements, the US joins the fight, UK ETS replacement
In 5 months' time, the UK will no longer be part of the European Union. With no deal agreed at this stage, many are now preparing for a "hard Brexit"…
New ACER documents reveal more fines and other information – More investigations in China
ACER yesterday issued the follow documents and updates: An updated Questions and Answer document on REMIT (here) An updated list of "accepted EICs" for use as the delivery point in…
Brexit update – Security of supply, MiFID II and more
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…