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March 29, 2022

Regulatory round-up

By Victor Smart

The European Securities and Markets Authority has published its Final Report on the EU Carbon Market. This does not find any “major deficiencies” in how the EU carbon market (a cornerstone of the EU’s policy efforts to curb emissions) functions. But it wants discussion on two reforms: the introduction of position limits on carbon derivatives; and centralised market monitoring of the carbon market at EU level, in line with existing monitoring for gas and power.

Other changes the financial supervisor urges include extending position management controls to EU carbon trading derivatives and amending position reporting, and it wants access for itself to primary market transactions.

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