Research European Commodity Market Regulations - Part 2 | Page 5

European Energy Market Regulations – Survey Results

Results
Demographics
The vast majority of the respondents were located within the European Union (71%) with 13%
located in non-EU European countries while the remaining respondents wouldn’t say were they
were located. The respondents were largely based in Utility/Generators (33%) or Traders/Merchants
(33%). The remaining third included Hedge Funds/Banks, Industrial Consumers and Oil & Gas
Producers. Twenty percent of the respondents declined to answer the question. Some 77% of the
respondents traded energy commodities (power, natural gas, oil etc.), 6% traded agricultural and/or
soft commodities and 3% traded metals. Three respondents declined to answer the question. As
might be expected, the respondents were then largely traditional energy traders based in the
European Union.

Figure 1: Are you aware of which of the new regulatory rules
(EMIR, REMiT, MiFiD2) that you will need to comply with in
As shown in Figure 1, the majority of the the next few years?

Regulation Awareness

respondents (65%) indicated that they
were aware of the regulations (EMIR,
REMIT, MIFiD2 etc.). However, 65% is
lower than might be expected given that
some of the regulations are already in
effect and considering the far-reaching
nature and possible impacts of these
regulations.

6%
16%
13%
65%

Thirteen percent said that they did not
know about the regulations and although
Yes
No
Don't Know
No Answer
this is a relatively small percentage, it is
still significantly larger than might be
expected. Even if this percentage represents those respondents that are not impacted by EMIR or,
are not within the European Union, it must still be viewed as surprisingly high.
Figure 2 shows which regulations the Figure 2: What regulations do believe will affect you?
respondents believe will affect them. The
majority cite both EMIR and REMIT but a
None
sizable portion also believe MiFiD2 will
affect them as well.
CRDIV

MiFiD2
REMIT
EMIR
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December, 2013

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