By Doron Ezickson and Adam Topping
In the most recent edition of its regular market conduct and transaction reporting-focused ‘Market Watch’ publication, the UK Financial Conduct Authority (“FCA”) provides a review of commodities firms’ compliance and governance structures, with particular regard to market abuse controls. In addition, Ofgem this week published an open letter to market participants setting out its views on various issues relating to the implementation of the Regulation on Wholesale Energy Market Integrity and Transparency (“REMIT”), including more detail on various types of behaviour that could constitute market manipulation. read more