DECC Issues new EMR documents
DECC have issued a host of documents on EMR today. They can all be viewed from the main page here.They have issued a detailed announcement on strike prices for CfD's…
ThomsonReuters create new tool based on REMIT transparency data
ThomsonReuters have launched a new tool which makes use of the transparency data now available under REMIT in the Nordic and German markets.The upcoming requirements on transparency will permit interesting…
Updated FCA Page on EMIR for NFCs
The FCA have updated their page on EMIR for NFCs. Nothing new spotted but a nice summary.
The UK Spending Review from an energy perspective
The UK Spending review that took place. The headline of a BBC article mentions the fact that energy will receive an "infrastructure boost".Looking at the actual speech (which you can…
Marc Rich, founder of Glencore, dies
Slightly off topic: Marc Rich, the "King of Commodities" who built Marc Rich and Co(that was later renamed Glencore) up into a huge commodities trading company, has passed away in…
FSB Comments on OTC Derivatives Regulation
The FSB published this press release on the 25th, which included comments on the urgent need for the various authorities to pull together the information contained (or to be contained)…
Article explaining the proposed Ofgem enforcement of REMIT
See this article by McDermott, Will and Emery on the upcoming enforcement powers of Ofgem for REMIT, in line with the original timetable. In theory therefore, monitoring processes need to…
Progress on pre-LEIs
The Regulatory Oversight Committee (ROC) for LEIs issued this statement last week following their meeting the week before.It promises guidance very soon so that "pre-LEIs" can be implemented in the…
Pre LEIs required for EMIR
The FCA page now has a note that under EMIR all parties need to use an LEI, (or a "pre LEI). This highlights the fact that for many, the reference data…
Presentation from Clifford Chance on EMIR Timings
See here for an informative presentation on the current timing for EMIR written by Clifford Chance.