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FCA fines Merrill Lynch International £13m for failing to report trades

The UK’s Financial Conduct Authority has fined Merrill Lynch International for incorrectly reporting  35,034,810 transactions, and failing to report another 121,387 from November 2007 to November 2014. The US bank was required to report the trades under the Markets if Financial Instruments Directive – MiFID. The fine gives some interesting insight into the world many energy […]

REMIT trade reporting now likely in September

I reported for ICIS on Wednesday that the European Commission looks set to extend the length of time energy companies will have to start reporting trades after the implementing acts for REMIT are published. It seems the commission has take on board the need for time to build the systems to report trades, and even […]

Knowing what is in your REMIT

As mentioned in this blog recently and in this ICIS story today, the implementing acts for REMIT are likely to come in November. It is possible they might come sooner. In the article linked to above, some market participants complain about the six-month timeframe companies will have to digest the implementing acts before they have to […]

Deutsche Bank fined for misreporting trades

Consultant Avid Handler blogged about Deutsche Bank being fined £4.7m by the UK’s Financial Conduct Authority and what it might mean for the energy industry, which now reports some trades under EMIR. The bank was fined for misreporting, erroneously, equity CFD trades under MiFID for several years. So do energy companies need to worry about […]

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