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Push-Push-Pull – new proposition to improve the registries safety Print
Friday, 18 May 2012 22:19

 

How many authorisations are necessary to make emissions allowances transfer request fraud-resistant and, concurrently, non-bureaucratic?

 

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First Deliverers of Electricity as covered entities under California cap-and-trade – a few remarks on equal treatment Print
Thursday, 17 May 2012 19:58

 

All first deliverers of the electricity in the EU must be treated equally, whether they are in-Union generators or electricity importers.

 

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Draft Regulation on central securities depositories – relation with the emission market Print
Tuesday, 08 May 2012 06:11

 

The new framework for central securities depositories (CSD) provides for the rule that without prejudice to the corporate law under which the securities are constituted, an issuer will have the right to arrange for its securities to be recorded in any CSD established in any Member State. A CSD conducting business in different jurisdictions is obliged, however, to identify and mitigate the risks arising from any potential conflicts of laws across jurisdictions.

 

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EC vs. ITRE – status for the physically settled forward products in MiFID II at stake Print
Monday, 07 May 2012 10:56

 

The opinion of the ITRE Committee highlights the fact that physically settled forward products in MiFID II EC proposal are classified as financial instruments. The essence of the recent ITRE proposal is, however, to explicitly exclude products that can be physically settled and that are entered into for commercial purposes and do not display the characteristics of other derivative financial instruments.

 

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Legal complications with cross-border collateral EUAs arrangements after recent Registry Regulation amendment Print
Thursday, 03 May 2012 12:42

 

It appears that the regulatory work has stopped half way. Since the critical determination whether a trade has been performed in good faith would still be done in accordance with national laws it could be presumed that problems with enforcement of property rights will persist.

 

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