CME Europe Market Regulation

As a London-based, UK-registered company operating under English law, CME Europe is recognised and supervised by the FCA. The exchange operates to the highest regulatory standards, while providing transparent price discovery and risk management solutions.

 



CME Europe Rulebook

Rules and procedures governing trading on CME Europe.

View CME Europe Rulebook



Notices

Advisory notices to members published by CME Europe.

See Notices



MiFID II/MiFIR

The revised Markets in Financial Instruments Directive (MiFID II) and the accompanying Markets in Financial Instruments Regulation (MiFIR) regulate the provision of investment services in respect of a multitude of financial instruments traded on regulated trading venues as well as OTC.

The new legal framework entered into force on 1 July 2014. Various provisions must be transposed into national law by July 2016, while the detail regarding others is to be further specified in additional rules developed by the European Securities and Markets Authority. Application is planned for January 2017.

The impact of the MiFID II / MiFIR rules is far-reaching and will have a significant impact on the EU’s financial markets. These include market structure changes; transparency requirements for a broader range of asset classes; the obligation to trade certain derivatives on-exchange; requirements on algorithmic and high-frequency-trading and new requirements for commodity derivatives.

CME Group is currently evaluating the impact of the MiFID II/MiFIR reforms on our European infrastructure. Should you wish to discuss our implementation plans for this regulatory reform initiative or have any questions then please contact us at MiFIDIIQueries@cmegroup.com.

 



REMIT Reporting

The Regulation on Wholesale Energy Market Integrity and Transparency (“REMIT”) established an EU market monitoring framework to detect and prevent market abuse in wholesale energy markets. From 7 October 2015, REMIT will impose an obligation on market participants to register with a National Regulatory Authority (“NRA”) and to report certain information to the European Agency for the Cooperation of Energy Regulators (“ACER”) relating to transactions and orders to trade in “wholesale energy products”

View REMIT offering



Contract Modules

Sets the terms of transactions capable of being executed on the Exchange and being novated to the Clearing House.

CME Europe Contract Module - Energy
CME Europe Contract Module - Agriculture
CME Europe Contract Module - Grain and Oil Seed
CME Europe Contract Module - FX

 



Exchange Procedures

Outlines procedures governing membership, trading and complaints.

View CME Europe Exchange Procedures

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CME Europe Market Regulation
+44 20 3379 3816