REMIT Quarterly, UK EMIR, ESMA algo trading
ACER has today issued the latest version of the REMIT Quarterly newsletter. It covers items such as the recently issued playbook for ACER investigations (see here) and other catch ups.…
Minor updates proposed to UK EMIR
The UK's Financial Conduct Authority(FCA) has proposed some minor updates to the UK version of EMIR, which applies to UK entities, as part of its quarterly consultations. The proposed changes…
Energy and ETS cooperation following UK/EU agreement
The agreement that has resulted from today's UK/EU summit(see here) includes several items that are relevant to energy Market Participants. These include: A commitment to explore connecting GB and UK…
EMIR UK REFIT Q+As and bilateral margining consultations
The FCA has finalised the first 5 sets of Questions and Answers relating to EMIR REFIT UK, following a consultation (see here). The final versions can be found here. Questions…
UK updates – EMIR REFIT consultation and TCLC fine
The Financial Conduct Authority (the NCA in the UK) has opened a consultation on the UK version of EMIR REFIT in the form of proposed Questions and Answers. These can…
Welcome to 2024
The start of a new year gives us a chance to consider what lies ahead. 2024 is the 11th year of this blog, and once again a busy year awaits…
FCA consultation on the reform of the commodity derivatives framework
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…
Updates: ETS in the EU and UK – EU Position management
ESMA has released this final report on emissions allowances and associated derivatives. The report looks at the Emissions Trading Scheme (ETS) in Europe and how the process and markets in…
Update from the FCA on Ancillary Activity Test
Following the consultation opened on the method for UK entities to carry out the MIFID II Ancillary Activity Test recently(see here), the UK's Financial Conduct Authority (FCA) has issued this…
FCA proposes changes to current Ancillary Activity Test
Following on from the publication of the response to the Wholesale Market Review (see here), the FCA has included a section on the MIFID II Ancillary Activity Test in their…