Category Archives: MiFIR

Markets in Financial Instruments Directive: Agreement in Principle on Revised European Rules

On 14 January 2014 the European Parliament, the Council and the Commission reached a high-level agreement in principle on updating the rules for the revised Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).  Further technical issues that remain … Continue reading

Posted in Commodity Trading, Enforcement and Investigations, MiFID, MiFIR, Oil & Gas, Power

Commodities Now: Washington – We Have a Problem

June 2012 offered the first serious insight into how international regulators intended to apply their new derivatives regulatory regimes to cross-border issues. On 29th June 2012, the Commodity Futures Trading Commission (CFTC) published its proposed guidance on the extraterritorial application … Continue reading

Posted in Articles, CFTC, Commodity Trading, Dodd-Frank, EMIR, MiFID, MiFIR, Oil & Gas, Power, Regulation

MiFID and MiFIR on Algorithmic Trading – and – Provision of Services AND Establishment of Branches by Third Country Firms

By Doron Ezickson, Nick Shiren, Alix Prentice, Adam Topping, and Ramona Simms This is the sixth in our series of briefings on MiFID and MiFIR. Below, we describe new obligations set out in MiFID that apply to investment firms engaging … Continue reading

Posted in Commodity Trading, MiFID, MiFIR, Regulation

MiFID and MiFIR on Supervision of Products – and – Circuit Breakers

By Doron Ezickson, Nick Shiren, Alix Prentice, Adam Topping, and Ramona Simms This is the fifth in our series of briefings on MiFID and MiFIR. Further, we describe new powers of product intervention granted to ESMA and local regulators under … Continue reading

Posted in Commodity Trading, MiFID, MiFIR, Regulation

MiFID on Client Categorisation and Transactions with ‘Eligible Counterparties’ – and – Organised Trading Facilities

By Doron Ezickson, Nick Shiren, Alix Prentice, Adam Topping, and Ramona Simms This is the fourth in our series of briefings on MiFID and MiFIR. In this alert, we describe the proposed changes to the current client classification regime, and … Continue reading

Posted in Commodity Trading, MiFID, MiFIR, Regulation, Uncategorized

MiFIR on Pre and Post-Trading Transparency for Equities, Equity-Like Instruments, Structured Products, Bonds, Emission Allowances and Derivatives

By Doron Ezickson, Nick Shiren, Alix Prentice, Adam Topping, and Ramona Simms This is the third in our series of briefings on MiFID and MiFIR. Further, we describe new obligations set out in MiFIR to make certain pre and post-trade … Continue reading

Posted in Commodity Trading, Emissions, MiFID, MiFIR, Regulation

MiFID and MiFIR on the Obligation to Trade Derivatives on Regulated Markets and Revisions to the Best Execution

By Doron Ezickson, Nick Shiren, Alix Prentice, Adam Topping, and Ramona Simms This is the second in our series of briefings on MiFID and MiFIR. Further, we describe new obligations to trade certain derivatives on regulated markets, MTFs or OTFs … Continue reading

Posted in Commodity Trading, MiFID, MiFIR, Regulation

MiFID AND MiFIR on Position Limits and Position Reporting for Commodities Derivatives and Emissions Trading

By Doron Ezickson, Nick Shiren, Alix Prentice, Adam Topping, and Ramona Simms This is the first in a series of short briefings on radical changes proposed for the regulation and conduct of investment business set out in the European Commission’s … Continue reading

Posted in Commodity Trading, Emissions, MiFID, MiFIR, Regulation