CMCE’s advocacy and lobbying activities are directed by its membership and focused on the regulation of commodity derivative markets and participants in these markets. Within this regulation CMCE has prioritised (a) requirements for non-financial counterparties entering into over-the-counter (OTC) derivative contracts, (b) the extension of market abuse rules to spot commodity and commodity derivative transactions, (c) changes to the main regulatory regime for securities and derivatives markets, (d) regulation applicable to commodity benchmarks, (e) regulatory capital rules applicable to commercial market participants, and (f) the implication for commodities trading markets of the United Kingdom’s exit from the European Union.

CMC Europe 2019 Work Plan

CMCE faces a busy legislative and regulatory agenda in 2019.  Priorities include:

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