Blog gets makeover
Following the previous post we are pleased to announce the launch of a "new look" version of this blog. In addition to navigation and aesthetic improvements, subscriptions are easier to…
Blog to be upgraded – unavailable for rest of week
After 7 years this blog will be undergoing a "face-lift" which will make navigation and subscription easier as well as more aesthetically pleased. In order to support this, the blog…
ESMA publishes opinion for 2019 ancillary activity test market sizes
On Friday, ESMA published an update of the opinion document for market sizes to be used as part of the ancillary activity test, adding estimated market sizes for the year…
Updated EMIR Q+A – reporting deadlines
ESMA yesterday published an updated version of the EMIR Questions and Answers document, which can be found here. The updated question is TR11b on page 85 and relates to the…
Deutsche Bank fined $10.25m for spoofing and reporting failures
Last week the CFTC announced here that a settlement has been reached with Deutsche Bank for two enforcement matters relating to spoofing and reporting. The reporting issue is covered by…
EMIR REFIT part 2 goes live
Last week, on 17th June, the next stage of the EMIR "REFIT" programme came into effect (see here for the original post). This was the requirement that Financial Counterparties (FC)…
Brexit: UK to run own ETS – will it link to the EU ETS?
The UK’s Department of Business, Energy, and Industrial Strategy (BEIS) has announced that a standalone Emissions Trading Scheme (ETS) will run in the UK after Brexit, replacing the European ETS…
ESMA updates opinion on position limits with respect to third country positions
Last week ESMA updated the opinion document on determining third-country trading venues for the purpose of position limits under MiFID II. The new document can be found here. The document…
Blog restart – EMIR REFIT Q+A
This blog is restarting today after a few weeks' absence due to personal circumstances. Over the coming days "catch up" posts will be published, as well as a special announcement…
Report on GB REMIT fine
Following the record fine of 37.3 million GBP levied on a market participant in Great Britain by Ofgem recently (see here), Ainsty Risk has published this report analysing the incident.…