The European Commission DG FISMA has opened this consultation on various topics around commodity derivatives. These include: Data reporting especially around the split between EMIR and REMIT. The Ancillary Activity…
Two requirements of REMIT II start today: Professional Persons Executing Transactions to submit Suspicious Transaction or Order Reports (STOR). Market Participants based outside the EU must appoint an EU representative.…
The European Commission has issued this press release which gives "CBAM declarants" extra time to submit the first reports, which were due today (31 January). The Carbon Border Adjustment Mechanism…
The start of a new year gives us a chance to consider what lies ahead. 2024 is the 11th year of this blog, and once again a busy year awaits…
It has been agreed that the Market Correction Mechanism(MCM), which limits the price of wholesale gas (see here) together with other emergency measures, will be extended for another year. The announcement…
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…
The CRE (French NRA) has published a decision to levy a fine of 80,000 EUR on a market participant for the late disclosure of Inside Information under REMIT Article 4.…
Yesterday the European Commission adopted the Implementing Act of the Carbon Border Adjustment Mechanism (CBAM) (see here). This rule will require that EUA equivalent certificates be attached to imports of…
Yesterday the European Commission published a draft Implementing Act relating to the Carbon Border Adjustment Mechanism(CBAM), which aims to reduce "carbon leakage" by requiring imports into the ETS area of…