NEWS

December 5, 2017

The European Commission released on the 1st of December 2017 a report aiming at rationalising financial regulations within the EU. After consulting with 300 stakeholders, the Comission decided that 4 areas in particular deserved a bit more of attention.

Read part 2 here

Post 2007-crisis regulations in the EU are often criticised for putting too much pressure on legal entities in the energy trading sector.

In addition, some regulatory inic...

December 5, 2017

The European Commission released on the 1st of December 2017 a report aiming at rationalising financial regulations within the EU. After consulting with 300 stakeholders, the Comission decided that 4 areas in particular deserved a bit more of attention.

Read part 1 here

Post 2007-crisis regulations in the EU are often criticised for putting too much pressure on legal entities in the energy trading sector.

In addition, some regulatory inic...

December 5, 2017

The ESMA (European Securities and Markets Authority) recently released a briefing insisting on the importance for companies and their clients to have a Legal Entity Identifier (LEI).

This constraint is to take seriously as from the 3rd of January 2018, “companies subject to MiFID II transaction reporting obligations will not be able to execute a trade on behalf of a client who is eligible for a Legal Entity Identifier (LEI) and does not...

December 4, 2017

The General Data Protection Regulation (GDPR) will come into force on 25th May 2018 in the UE. In short, this new regulation will define how businesses manage, protect and administer data in the future.

Being the biggest data protection reform undertaken in Europe over the past 30 years, GDPR will affect the energy trading sector in many ways.

Let’s have a look at 6 changes implied by this new regulation that will affect energy trading c...

December 4, 2017

The weather is a bit stormy in the trading regulatory world. Regulators are taking compliance seriously, and the amount of the fines should press companies to prepare carefully.

Merrill Lynch fined £34.5m for failing to report ETD under EMIR

EMIR’s fury has struck!

Wealth Management company Merrill Lynch was fined £34.5m on the 23rd of October 2017 for failing to report Exchange Traded Derivative (ETD) under EMIR.

The UK’s Financial Conduc...

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