Mario Draghi, the former prime minister of Italy, has published this report which has been requested by the European Commission, entitled "the future of European Competitiveness". While the report is…
After a break we are restarting this blog today. Here are some key stories from the past weeks. REMIT Implementing Act consultation ACER opened a consultation on the changes to…
The FCA has announced that the proposed changes to the MIFID II Ancillary Activity Test that were scheduled for next year are suspended. However, removal of the requirement to notify…
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…
Yesterday the UK's Financial Conduct Authority (FCA) opened this consultation covering the proposed changes to the commodity derivatives regime in the UK. It focuses on changes to the position limits…
Several industry associations have published a joint statement expressing concerns about proposed changes to MIFID II and how they will affect energy and commodity market participants. The statement can be…
The UK's HM Treasury has published the legislation which redefines how the Ancillary Activity Exemption under MIFID II will be deployed in future. Following the publication of draft versions earlier…
We have been offline for a couple of weeks and this post aims to catch up on some key news: ACER published the first "reference price", which will be a…
Jeremy Hunt, the UK's Chancellor of the Exchequer, announced a series of changes on Friday to Financial Services legislation as part of the "Edinburgh Reforms". His speech included a commitment…
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…