July 23, 2019

July 23, 2019

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July 22, 2019

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ESMA Publishes Final Guidance on Inside Information for Commodity Derivatives Under MAR

On September 30, the European Securities and Markets Authority (ESMA) published a final report containing guidelines (Guidelines) on inside information and commodity derivatives under the EU Market Abuse Regulation (MAR). The Guidelines are issued under Article 7(5) of MAR and set out a non-exhaustive list of indicative information that is reasonably expected or required to be disclosed on commodity derivatives markets and/or spot markets. The Guidelines group the non-exhaustive indicative list of information into three categories: (1) information relating directly to commodity derivatives; (2) information relating indirectly to commodity derivatives without a related spot market; and (3) information directly relating to a spot commodity contract.

The Guidelines will apply two months after their translation into each official language of the European Union.

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Nathaniel Lalone, Katten Muchin Law Firm, Financial Institutions Attorney
Senior Associate

Nathaniel Lalone, a partner at Katten Muchin Rosenman UK LLP, has a broad range of experience in the regulation of financial products and financial markets, and frequently provides regulatory and compliance advice to trading venues, clearing houses and buy-side firms active in the over-the-counter (OTC) derivatives, futures and securities markets. He is actively involved in advising clients on the implementation of MiFID 2 and MiFIR in the European Union as well as the international reach of US financial services regulation. He also has significant experience with structuring...

+44 0 20 7776 7629
Carolyn H. Jackson, International Attorney, Katten Muchin law firm
Partner

Carolyn Jackson is a partner in Katten Muchin Rosenman UK LLP and is a Registered Foreign Lawyer. She provides US financial regulatory legal advice to a broad range of market participants, including commercial banks, investment banks, investment managers, broker-dealers, electronic trading platforms, clearinghouses, trade associations and over-the-counter derivatives service providers.

Carolyn guides clients in the structuring and offering of complex securities, commodities and derivatives transactions and in complying with US securities and commodities laws and regulations. 

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Neil Robson, private equity fund managers counselor, Katten Law Firm, London
Partner

Neil Robson, a regulatory and compliance partner with Katten Muchin Rosenman LLP, focuses his practice on counseling hedge and private equity fund managers and other investment advisers on operational, regulatory and compliance issues. He regularly addresses Financial Conduct Authority (FCA) and EU authorization and compliance under both the EU Alternative Investment Fund Managers Directive (AIFM Directive) and MiFID, cross-border issues in the financial services sector, market abuse, anti-money laundering and regulatory capital requirements, formations and buyouts of...

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