Updated EMIR Q+A – Answers added re intra group reporting exemption
Last week, ESMA issued an updated version of the EMIR Questions and Answers document, which can be found here. Two answers were added, which relate to the use of the…
REMIT Quarterly and EMIR Q+A
The following documents have been released recently: The latest REMIT Quarterly (here) – The newsletter summarises REMIT announcements over the past weeks. Updated EMIR Q+A (here) – With one updated…
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…
ESMA issues report on new EMIR reporting standards, and an updated Q+A
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…
Brexit update: Uk equivalence, EU response and ESMA statement
There have been several Brexit related announcements in the last days, from each “side”, which are of interest to those in energy and commodities. Rishi Sunak, the UK Chancellor of…
Brexit – FCA threatens to deviate from MIFID II over Share Trading Obligation
Earlier this week, the UK's Financial Conduct Authority issued this notice which states that UK firms will be permitted to continue trading shares on EU trading venues and systematic internalisers.…
ESMA announcements: EMIR validation rules and Brexit
ESMA has announced that the EMIR validation rule changes originally planned for February will now be applied on 8 March 2021 instead of 1 February. The announcement can be found…
FCA makes Brexit related announcements including new EMIR details
Last week, following the granting of powers under “Temporary Transitional Power (TTP)” the UK's Financial Conduct Authority (FCA) published this notice highlighting details around changes in regulation, that will come…
ISDA urges global identifier alignment
ISDA has written this letter to the Financial Stability Board (FSB) urging a better coordination of efforts worldwide to harmonise different aspects of regulatory reporting. In particular a lack of…
ESMA report on EMIR penalties and supervisory measures
Yesterday, ESMA published this report on penalties and supervisory measures relating to EMIR covering 2018. It is the second such report. It covers: The clearing obligation The reporting obligation NFC…