Year starts with short notice LNG data reporting start
Happy New Year to all readers! Following the publication of details around the data reporting element of the Council Regulation relating to the LNG price assessment and benchmark published by…
EMIR clearing threshold change, a webinar and a regulation on a market correction mechanism
Yesterday an amending regulation was published in the Official Journal of the European Union changing the EMIR clearing threshold for commodity derivatives to 4bn EUR from 3bn EUR. It can…
EU proposes new gas interventions – News on EMIR clearing threshold
There has been a great deal of activity in the area of market interventions (see here) . The European Commission DG Energy has proposed this regulation which amongst other things:…
ISDA letter on EMIR review, Finfrag delay and EFET letter on energy market interventions
ISDA has written this open letter to the European Commission, ESMA and others in relation to the different reviews taking place with respect to EMIR. There are 12 recommendations, which…
EMIR REFIT date set and energy intervention finalised
The significant changes to EMIR reporting that have been in discussion for quite some time (see here) will apply in the EU from the 29th April 2024, following the publication…
DG FISMA and ESMA discuss market issues
On 13th September the European Commission DG FISMA sent this letter to ESMA, asking for a response to the following topics: Whether better use should be made of circuit breakers…
Energy market interventions
The past few days has seen announcements of market interventions and further discussions on market redesigns, at the EU level, in member states, and also in the UK. In addition,…