EPTA News
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FIA EPTA publishes paper on important role of ETDs in green transition
While the Sustainable Finance Disclosure Regulation intends to ensure investments are environmentally and socially responsible, current restrictions on ETDs may inadvertently hinder progress, paper says.
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FIA EPTA response to the EBA Consultation Paper on Draft Guidelines on the application of the group capital test for investment firm groups (EBA/CP/202/16)
FIA EPTA welcomes the objective of the EBA to ensure a harmonized interpretation and implementation of the Group Capital Test (“GCT”) by setting objective criteria to assess whether the structure of an investment firm group is: a) sufficiently simple, and b) poses significant risks to clients or to market. We agree that it is indeed important to ensure a level playing field in the application of the regime across the EU and important to provide guidelines to NCAs for them to supervise investments firms in an efficient manner.
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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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