Research European Commodity Market Regulations - Part 2 | Page 2

European Energy Market Regulations – Survey Results Contents Background and Approach..............................................................................................................................4 Results.............................................................................................................................................................5 Demographics .............................................................................................................................................5 Regulation Awareness ................................................................................................................................5 Action Plans ................................................................................................................................................6 EMIR Threshold Calculation ........................................................................................................................6 Trade Confirmation Requirements .............................................................................................................6 Portfolio Reconciliation ..............................................................................................................................6 Portfolio Compression ................................................................................................................................8 Mark-to-Market ..........................................................................................................................................9 Data Reporting ............................................................................................................................................9 Derivatives ................................................................................................................................................10 Potential Position Reporting Under MiFiD2 .............................................................................................10 Trade Monitoring Under REMIT ...............................................................................................................10 Additional Staffing ....................................................................................................................................10 Impacts on Ability to Trade.......................................................................................................................11 Analysis and Discussion ................................................................................................................................12 Appendix - Questionnaire .............................................................................................................................14 About The Authors........................................................................................................................................18 Aviv Handler..............................................................................................................................................18 Dr. Gary M. Vasey .....................................................................................................................................18 About Commodity Technology Advisory ..................................................................................................19 About ETR Advisory ..................................................................................................................................19 About the Sponsor ........................................................................................................................................20 TriOptima .................................................................................................................................................20 © Commodity Technology Advisory LLC and ETR Advisory Ltd, 2013, All Rights Reserved. December, 2013 2