Event Agenda

Energy Risk Regulatory Update Event Agenda

Course Tutors:

  • Aviv Handler, Managing Director, ETR Advisory
  • Marc Merrill, Senior Vice President, Director – International Law & Global Trading, Uniper
  • Maria Popova, Regulatory and Policy professional, European Federation of Energy Traders

Day 1 - Wednesday 14th November

08:30

Registration and Refreshments

09:00

Introduction to European energy and commodity regulation

  • An overview of the rules affecting the European energy markets: EMIR, REMIT, MAR, MiFID II and others
  • Three main objectives; market transparency, market integrity, and systemic stability
  • Brexit – what impacts will we see? 
  • Dealing with regulations and regulators from other jurisdictions
  • Differences in EU vs US regulation
  • European benchmark regulation
  • FinfraG main requirements & obligations
  • SFTR – an overview &  its relevant for the energy/commodities market 
  • How, when & to whom do we report?

Speaker: Aviv Handler, Managing Director, ETR Advisory

10:30

Morning Break

11:00

MiFID II

  • MiFID II introduction
  • Broadened scope of MiFID I
  • Impact on energy trading firms
  • ISIN codes: uses & challenges
  • The ancillary activity test : background and purpose 
  • Position limits & position reporting
  • Legal entity identifiers
  • Discussion on transaction reporting regime
  • Algorithmic trading 
  • 11 months in - how has implementation gone?

Speaker: Aviv Handler, Managing Director, ETR Advisory
 

12:30

Lunch

13:30

Anti-abuse legislation: MAR

  • Scope of MAR
  • Inside information: Definition, prohibition and disclosure under MAR
  • The requirement to monitor under MAR- PPARS vs PPAETS
  • Implementation according to your organisational requirements
  • Monitoring and suspicious transactions and orders reporting
  • Market abuse control frameworks; how to develop an effective market abuse control framework
  • Examples of regulatory enforcement and penalties

15:00

Afternoon break

15:30

REMIT & Market Manipulation

  • Overview of the key requirements
  • Scope of the rules & differences between REMIT & MAR
  • Market manipulation: What constitutes market manipulation?
  • Market abuse rules under REMIT and MAR: Interactions and differences
  • Monitoring against market abuse and creating a compliance culture
  • Case studies & problematic behaviour; ACER guidance on wash trades & capacity hoarding

Speaker: Marc Merrill, Senior Vice President, Director – International Law & Global Trading, Uniper

17:00

End of Day One

Day 2 - Thursday 15th November

08:30

Morning Refreshments

09:00

Reporting under REMIT & compliance update

  • REMIT reporting requirements
  • What must be reported, how and when?
  • REMIT data quality
  • Practical steps to delivering and reporting compliance
  • Looking at the ACER letters on data quality
  • Ofgem statistics and monitoring activities
  • Investigation activity
  • Compliance activity 

10:30

Morning Break

11:00

EMIR & reporting requirements

  • State of EMIR as it currently stands
  • EMIR threshold calcultion
  • EMIR reporting requirements
  • Changes to be made as part of the REFIT programme
  • Review of EMIR reporting rules and the challenges and successes so far 
  • What must be reported, how and when?
  • Alignment of REMIT & EMIR reporting: gaps and overlaps
  • Practical steps to delivering and reporting compliance
  • Latest changes & future scope

Speaker: Maria Popova, Regulatory and Policy professional, European Federation of Energy Traders

12:30

Lunch

13:30

EU clean energy package

  • What is the EU clean energy package and how could it transform the energy market?
  • The role of the parliament and regulatory bodies
  • Ambitions for 2030
  • Collaborative communities
  • Working towards energy union act II
  • Ensuring your company is prepared for 2020
  • Possible amendments to the package

15:00

Afternoon Break

15:30

The impact of evolving technology regulation in energy regulation

  • Algorithmic trading 
  • Crypto regulation – different rules for different jurisdictions
  • Appropriate uses for DLT & blockchain
  • Regulators thoughts on blockchain
  • Machine learning for energy firms

17:00

End of Course