European Parliament adopts MIFID II changes
The European Parliament yesterday adopted a series of changes to MIFID II as part of the "quick fix" package aimed at reducing the burden of the rules in some respects(see…
2021 – Another year of regulation begins
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…
REMIT announcements: Inside Information, validations and updated Guidance
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).…
Changes proposed to MiFID II affecting those in energy and commodities
On Friday DG FISMA of the European Commission proposed a series of changes to financial legislation with the objective of helping the markets in the light of Covid-19. The press…
Covid delay requested for next stage of EMIR REFIT
EMIR REFIT made some significant changes to several parts of EMIR last June, including changes to the calculation of the EMIR clearing threshold and the availability of an exemption from…
Corona delays in Singapore – Brexit transition
Corona related announcements continue: The Monetary Authority of Singapore (MAS) has announced a series of delays and changes due to the Corona virus. The announcement can be found here. These…
Insider trading accusation in commodities – balancing investigation closed in Germany
Following accusations of insider trading by US Senators relating to the Corona virus a few weeks ago (see here), it has been reported that an investigation has opened into trading…
Improper record keeping and monitoring penalty
A broker has been fined just over 83,000 GBP (after applying an early settlement discount) by ICE Futures Europe for failure to keep proper records of activity and improper monitoring.…
Covid 19 updates – delays and notices
It comes as no surprise that there have been many announcements relating to the impact of Covid 19 since our last update here. These include: Temporary changes and a "softening"…
Market abuse updates – Corona related and otherwise
There have been several reports around the selling of stocks by Senator Richard Burr, the chairman of the Senate Intelligence Committee as well as Senator Sen. Kelly Loeffler and others.…