Event Agenda
Energy Risk Regulatory Update Event Agenda
Energy Risk Regulatory Update
Agenda 2019
Day One | 22 May 2019
08:30
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Registration and Refreshments
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09:00
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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 relevance for the energy/commodities market
- How, when & to whom do we report?
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10:30
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Morning Break
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11:00
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EMIR: Key features and latest developments
- EMIR REFIT: key changes and update on implementation timeline
- EMIR clearing requirements: how to make an assessment against the clearing thresholds; implications of exceeding the clearing thresholds
- EMIR reporting requirements: what to report, how, when and to whom
- Overlap between EMIR and REMIT data reporting
- Impact of Brexit on EMIR compliance from the perspective of EU27 and UK firms
- Enforcement and sanctions
- Practical steps to ensuring compliance
Speaker: Maria Popova, Regulatory and Policy professional, European Federation of Energy Traders
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12:30
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Lunch
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13:30
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Anti abuse legislation: MAR
- Scope of MAR
- Differences between the rules
- Inside information: Definition, prohibition and disclosure under MAR
- 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
Reserved
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15:00
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Afternoon break
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15:30
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REMIT
- Overview of the key requirements
- Scope of the rules
- 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
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17:00
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End of Day One
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Day Two | 23 May 2019
08:30
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Morning Refreshments
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09:00
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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
- How has implementation gone?
Speaker: Aviv Handler, Managing Director, ETR Advisory
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10:30
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Morning Break
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11:00
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Evolving technology in energy markets
- Regulators and providers roles in adopting technologies
- How do DLTs fit in to the regulatory framework?
- Observations on blockchain/trade finance & trade surveillance
- Cryptocurrency challenge
- Blockchain for complying with regulatory requirements
- Alternatives to blockchain
Speaker: Aviv Handler, Managing Director, ETR Advisory
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12:30
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Lunch
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13:30
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Renewable energy trading & sustainable development
- Regulatory overview; sustainable energy trade agreement
- Focus on services (construction & professional)
- What is the EU clean energy package and how could it transform the energy market?
- Possible amendments to the package
- Assessing climate risk
- Ensuring risk preparedness
Speaker: Alejandro Navarro, Sole Legal Counsel, Raizen Trading LLP
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15:00
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Afternoon Break
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15:30
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Operational implications of regulations
- MiFID II – data management and issues with systems
- MAR – market abuse control frameworks
- REMIT and market manipulation - Creating a compliance culture
- EMIR – alignment of REMIT & EMIR reporting
- Operational challenges of regulatory reporting
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17:00
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End of Course
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