CBAM delay – EMIR fine
The European Commission has issued this press release which gives "CBAM declarants" extra time to submit the first reports, which were due today (31 January). The Carbon Border Adjustment Mechanism…
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…
EMIR fine in Ireland – BATE (Swiss REMIT) provisional legislation
Last week the CBI (Central Bank of Ireland) fined an investment fund €192,500 for breaches of the EMIR Article 9 reporting rules. This is the first EMIR reporting fine in…
Catching up: CBAM, EMIR REFIT
This post continues the "catch up" series to cover key items that occurred during our "offline" period (see here for the catch up on REMIT). CBAMOctober 1st saw the start…
Latest REMIT Quarterly – Singapore MAS reporting date announced
ACER has today issued the latest version of the REMIT Quarterly newsletter, which can be found here. In addition to the "usual" statistics, the newsletter summarises the changes proposed by…
EMIR REFIT Final Report and validations published
ESMA has today published a Final Report regarding the EU EMIR REFIT on reporting, a major change that will go into force on 29th April 2024(see here). The Final Report…
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…
EMIR REFIT for reporting adopted by European Commission
The European Commission DG FISMA has adopted a series of Delegated and Implementing Acts relating to the upcoming significant changes to EMIR reporting, and activities surround it (see here). These…
ESMA proposes to increase NFC EMIR clearing threshold
ESMA has today published this Final Report together with this press release recommending to the European Commission that the Non Financial Counterparty (NFC) EMIR clearing threshold be raised from 3bn…