ICAP Energy Selects Abide Financial for Remit Reporting
Broker's clients can delegate regulatory reporting through platform
ICAP Energy, the energy business of inter-dealer broker ICAP, has selected transaction reporting specialist Abide Financial as its regulatory reporting partner under the Regulation on Wholesale Energy Market Integrity and Transparency (Remit) rules.
All market participants trading wholesale energy products are affected by new Remit transaction reporting obligations starting in October. Through the partnership with Abide Financial, ICAP Energy customers will have the option to delegate Remit obligations to the company. Abide will be able to act as a Registered Reporting Mechanism to process Remit-eligible transactions on behalf of ICAP Energy customers to regulators.
Graham Francis, managing director of EMEA Energy and Commodities at ICAP Energy, says, "This solution offers our customers optionality. Customers contracting directly with Abide will benefit from its specialist expertise in compliance-assured and future-proofed transaction reporting services. Our partnership with Abide will also support us to facilitate any other desired customer workflows for Remit reporting."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
Equity data plans eye Dec. 6 for overnight trading launch
The US SIPs are looking to launch near 24-hour operations as exchanges seek to extend their hours.
Securities industry nears tipping point for dual messaging standards
Industry groups call for a freeze on ISO 15022 maintenance to accelerate ISO 20022 adoption.
Sprecher says ICE will expand positioning in crypto, prediction markets
Jeff Sprecher, CEO of ICE: “We have two new [chairmen at] the SEC and CFTC that are working to try to pull the entrepreneurship in the wild west into the financial system.”
Esma won’t soften regulatory expectations for cloud and AI
CCP supervisory chair signals heightened scrutiny of third-party risk and operational resilience.
Esma supervision proposals ensnare Bloomberg and Tradeweb
Derivatives and bonds venues would become subject to centralized supervision if the proposed reforms go through.
Cyber insurance premiums dropped unexpectedly in 2025
Competition among carriers drives down premiums, despite increasing frequency and severity of attacks.
Market participants voice concerns as landmark EU AI Act deadline approaches
Come August, the EU’s AI Act will start to sink its teeth into Europe. Despite the short window, financial firms are still wondering how best to comply.
ICE to seek tokenization approval from SEC under existing federal laws
CEO Jeff Sprecher says the new NYSE tokenization initiative is not dependent on the passage of the US Clarity Act.
