Looking at the FSB report on financial reform
Last week, the Financial Stability Board issued their second annual report on the progress of global financial reform, looking in particular at the fulfilment of the commitments made at the…
Last week, the Financial Stability Board issued their second annual report on the progress of global financial reform, looking in particular at the fulfilment of the commitments made at the…
Last week the FCA published the latest minutes of the last MiFID II implementation round-table, which can be found here. There are a few interesting points to note for energy…
See here for an article on the Complinet web site written by Reuters which highlights further push back by certain MEPs on the revised Regulatory Technical Standard (RTS) 21 on…
ESMA have updated their table which shows the status of Technical Standards across different EU financial legislation. It can be found here. There is clearly a large September workload for both the European…
EEX and Powernext launched several "Non MTF" trading platforms on 1st July. Unlike trades executed on Regulated Markets (exchanges), physical forwards executed on these platforms are not necessarily "financial instruments"…
The FCA (Financial Conduct Authority, the UK's National Competent Authority) have issued a second consultation paper on MiFID II, which can be found here. This section is based on the final version…
The market still awaits the final version of Regulatory Technical Standard 20 of MiFID II, which contains the rules around the "Ancillary activity test". This determines whether energy and commodity…
On 1st July EEX and Powernext launched several "Non MTF" trading venues, including German and French power derivatives and several gas products. By trading products on a non-MTF, rather than a…
It is now more than two weeks since the UK voted to leave the European Union. Since then there has been a great deal of commentary, some of which applies…
The legalisation delaying MiFID II and MiFIR have now been published in the Official Journal of the EU. The MiFID II document can be found here and the MiFIR document…