In this latest episode of our Split the Difference podcast series, where we look into regulatory divergence in the markets space, we examine the commodity derivatives regime and the growing divergence between the UK and EU frameworks focussing on five critical areas: the position limits regime, position management controls, exemptions, position reporting and the ancillary
On 4 March 2026, the Bank of England (BoE) issued a consultation paper on the approach to using its requirements and permissions powers to facilitate mobilisation of new central counterparties (CCPs). The consultation paper is relevant to all prospective UK CCPs seeking recognition by the BoE.
Background
The BoE published its
On 25 February 2026, the European Securities and Markets Authority (ESMA) issued a Final Report on draft technical standards amending Regulation (EU) 149/2013 to further detail the new European Market Infrastructure Regulation (EMIR) clearing thresholds regime.
Background
The Final Report follows an earlier consultation that ESMA issued last April.
Structure of