The UK Treasury has opened a consultation, which sets how, among other things, the Financial Conduct Authority will decide which commodity derivatives it will set position limits for. You can find the paper here.
Energy Connections
FCA sets out MiFID implementation timetable
The UK’s Financial Conduct Authority (FCA) will publish its proposed handbook changes to implement MiFID II in December 2015, according to a timetable it recently published. The FCA plays an important role among financial regulators in Europe on the development of the EU financial regulation. And given many brokers and traders are registered in London, […]
MiFID consultation responses out
ESMA has published the responses to its MiFID consultation. I am at a conference so will go through them later.
Energy industry’s MiFID angst likely to fall on deaf ears
A consultation on MiFID ended last night, and commodity traders will be interested to see what, if any, changes might come out of the proposal technical standards. Energy traders are worried the tests to gain an exemption from MiFID are too low as proposed (read more here). A representative from industry group EFET said almost […]
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