On 7 February 2019, the International Organization of Securities Commissions (IOSCO) published a final report on good or sound practices within commodity storage and delivery infrastructures. The report builds on the findings of IOSCO’s report ‘The Impact of Storage and Delivery Infrastructure on Derivatives Market Pricing’ (Storage Report), which was published in May 2016. The

On 5 October 2018, the Dispute Settlement and Sanctions Committee (CoRDiS) of French Regulatory Commission (CRE) fined VITOL S.A. €5 million for engaging in market manipulation on the French Southern virtual Gas Trading Point (PEG Sud) between 1 June 2013 and 31 March 2014.

The EU Agency for the Cooperation of Energy Regulators (ACER) has

On 28 September 2018, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) published two reports concerning the legislative package on the prudential regulation of investment firms:

  • report on the proposal for a Regulation of the European Parliament and of the Council on the prudential requirements of investment firms and amending Regulations (EU) No

On 19 September 2018 the UK House of Commons Treasury Committee (the Committee) published its report on the possible regulation of crypto-assets (the Report). Commenting on the Report, Committee chair Rt Hon. Nicky Morgan MP argued that the crypto-assets industry is highly unregulated, which results in numerous risks for investors. Hence, with this Report the

Markus Ferber, a German MEP, has been elected the new whip for the European People’s Party in the European Parliament’s Committee on Economic and Monetary Affairs (ECON). Mr Ferber previously was the first vice chair of the ECON committee and succeeds Burkhard Balz who is leaving the Parliament to join the board of German Bundesbank

On 12 July 2018, the European Securities and Markets Authority (ESMA) published details of its action plan for systematic internaliser (SI) regime calculations ahead of their publication on 1 August 2018. ESMA’s action plan focuses on equity, equity-like instruments and bonds while postponing the publication of derivatives and other instruments to 1 February 2019.

The

Norton Rose Fulbright LLP will be hosting a lunchtime debate with Markus Ferber Vice-Chair of the Committee on Economic and Monetary Affairs in the European Parliament.

Markus Ferber has played a key role in shaping the Markets in Financial Instruments Directive (MiFID II) and is currently the European Parliament’s rapporteur for the new EU prudential

On 10 May 2018, the Competition and Markets Authority (CMA) published a working paper as part of its market investigation into investment consultants which sets out the analysis the authority has undertaken to examine whether pension schemes which are more engaged with the market receive better outcomes (in terms of price) than those that are

The Competition and Markets Authority (CMA) has issued a consultative working paper as part of its investment consultants’ market investigation. The working paper sets out the CMA’s initial analysis of trustee engagement with investment consultancy and fiduciary management. It considers the extent to which pension scheme trustees are able to assess the value for money