In response to growing cross-border regulation, the Commodity Markets Council – Europe (CMCE) was formed in 2012. CMCE is comprised of agriculture, energy, metals and other commodity market participants, price reporting agencies, and trading venues established and/or operating in the European Union (EU), the European Economic Area (EEA), Switzerland and neighbouring countries.

CMC Europe 2018 Work Plan

CMCE faces a busy legislative and regulatory agenda in 2018. Provisional priorities based on member feedback include:

  • Application of MiFID II / MiFIR
  • Review of the reporting, clearing and collateral requirements for OTC derivatives
  • Prudential requirements for commodity dealer investment firms
  • Benchmarks regulation
  • Market abuse regime
  • Brexit & implications for commodity trading markets
  • Awareness raising on the importance of the commodity derivative markets