EPTA News
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REMIT Review: Together with other trade associations, FIA EPTA has sent a letter on the market access barriers disrupt newly established LNG supply chains and endanger the liquidity of Europe’s energy markets
AFME, CMCE, Europex, FESE, FIA, ISDA and FIA EPTA, representing a wide range of market participants in wholesale energy markets, have published a letter in anticipation of the trilogue meeting on the 26th October 2023 on the review of the Regulation of Wholesale Energy Market Integrity and Transparency (REMIT) in relation to the supervision of third country firms.
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FIA EPTA Response to the Consultation Paper on Draft Voluntary Code of Conduct for ESG Ratings and Data Product Providers developed by the ESG Data and Ratings Working Group (DRWG)
FIA EPTA welcomes the opportunity to respond to the Consultation Paper developed by the ESG Data and Ratings Working Group (DRWG). In addition, FIA EPTA members welcome the actions and responsibilities taken by the UK Government, HMT and the FCA who established the DRWG in 2022.
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FIA EPTA and several other trade associations have sent a briefing to negotiators of the REMIT Review legislation
On 20 September, FIA EPTA and several other trade associations sent a briefing to negotiators of the REMIT Review legislation with respect to requirements under Article 9 and the supervision of third-country firms.
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FIA EPTA Response to the ESMA Consultation Paper on Technical Standards specifying certain requirements of MiCA
FIA EPTA welcomes the opportunity to respond to the ESMA Consultation Paper on Technical Standards specifying certain requirements of the Markets in Crypto Assets Regulation (MiCA). FIA EPTA members believe the draft RTS and ITS set out a balanced approach. However, FIA EPTA members believe further proportionality should be considered.
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FIA EPTA response to the FCA Consultation on The Framework for a UK Consolidated Tape (CP23/15)
FIA EPTA agrees with the FCA’s proposal to appoint a single CTP per asset class through a tender process. Multiple providers would defeat underlying purpose of the Consolidated Tape of having a single golden source for data. Having a single CTP would also reduce the operational burden on data contributors and concentrate the customer base making the business model more economically viable.
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Trade associations call for deletion of active account proposal
Trade associations representing European end-users of derivatives and clearing service providers are united in criticism of the proposed Active Account Requirement under EMIR 3.0.
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FIA EPTA response to the HMT consultation on sovereign debt and credit default swaps under the Short Selling Regulation review
FIA EPTA supports the proposals set out in the Consultation. Whilst we acknowledge that the cover requirements under the Short Selling Regulation support settlement discipline in equities markets, we do not see the same need in the market for sovereign bonds and related CDS given the size and liquidity of these markets.
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FIA EPTA, FIA PTG support IOSCO efforts to develop digital assets framework
The FIA European Traders Association (FIA EPTA) and the FIA Principal Traders Group (FIA PTG) have responded to the Board of the International Organization of Securities Commissions (IOSCO) Crypto and Digital Asset Markets Consultation. The letter supported IOSCO’s efforts to foster the development of a consistent global regulatory framework for digital assets.
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FIA EPTA response to the EBA’s Consultation Paper on Draft Guidelines on resubmission of historical data under the EBA reporting framework (EBA/CP/2023/06)
FIA EPTA is broadly supportive of the laid-out draft guidelines on the resubmission of historical data and welcome the clarity it provides. We are however concerned that the numerical materiality thresholds (tolerance limits) outlined in paragraph 18 would result in a large volume of historical data resubmission for the vast majority of entities covered by these guidelines.
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FIA EPTA response to the EBA CP on Draft Guidelines on the benchmarking of diversity practices including diversity policies and gender pay gap
Although FIA EPTA members agree that transparency in general, and more specifically benchmarking, will contribute to achieving these objectives, we are of the opinion that especially the level of detail of the questions regarding the diversity policies are not appropriate in the light of these objectives and/ or need further clarifications.
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