AFME > Divisions and committees > Commodities
  1. Login/Register
  2. About Us
  3. Divisions and committees
  4. Key issues
  5. Publications
  6. Resources
  7. News
  8. Events
  9. Membership
Back
Share this page
Close

Commodities

GFMA’s Commodities Working Group (CWG) focuses on regulatory issues specific to banks operating in the financial and physical commodities markets.

Overview

CWG’s work centres around the creation of a more level regulatory playing field for the commodity markets:

  • Implementation of MiFID2 commodity specific measures, including the new position limits/reporting regime
  • Embedding new transparency requirements in the European wholesale gas and power markets
  • Monitoring issues such as IOSCO’s Principles for Oil Price Reporting Agencies
Learn more about the GFMA Commodities Working Group.
Publications
2022
View all

2022

January 2022
GFMA response to IOSCO's consultation paper on the Principles for the Regulation and Supervision of Commodity Derivatives Markets
View Online
2021
View all

2021

October 2021
Unlocking the Potential of Carbon Markets to Achieve Global Net Zero
View Online
September 2021
GFMA response to the HMT Wholesale Markets Review
View Online
2020
View all

2020

June 2020
GFMA Response to ESMA Consultation Paper on MiFID II/ MiFIR review report on the transparency regime for non-equity and the trading obligations for derivatives
View Online
May 2020
GFMA Response to the EC consultation on the review of the MiFID II/MiFIR regulatory framework
View Online
February 2020
Joint Trade Association letter regarding the reporting of commodities transactions and ESMA Guidelines for Reporting under Articles 4 and 12 of SFTR
View Online
January 2020
GFMA response to ESMA Consultation Paper on position limits and position management in commodity derivatives
View Online
2019
View all

2019

November 2019
GFMA Commodities Working Group response to ESMA’s consultation on the MAR Review (ESMA 70-156-1459)
View Online
November 2019
GFMA Response to ESMA Consultation Paper - Guidelines for reporting under Articles 4 and 12 SFTR
View Online
September 2019
GFMA CWG comments on practical and operational difficulties with reporting under Articles 4 and 12 SFTR (ESMA70-151-1985)
View Online
September 2019
GFMA CWG, GFMA GFXD, ISDA, UK Finance and EVIA Response to HMRC and HM Treasury Technical Consultation on the UK Digital Services Tax
View Online
July 2019
GFMA CWG, ISDA and FIA Response to ESMA Call for Evidence on Position Limits Under MiFID II
View Online
April 2019
ISDA/FIA/GFMA CWG General Comment to the European Commission’s Consultation on the International Role of the Euro in the Field of Energy
View Online
2018
View all

2018

September 2018
Joint FIA, GFMA and LBMA response to the IOSCO Consultation Report on Commodity Storage and Delivery: Good or Sound Practices
View Online
2017
View all

2017

March 2017
GFMA, ISDA, FIA, EFET Scope of Section C(10) contracts which are “commodity Derivatives” for the purposes of MiFID II
View Online
March 2017
GFMA, ISDA, FIA, EFET Position Limits/reporting regimes – treatment of contracts traded on third country venue
View Online
2016
View all

2016

November 2016
GFMA Submits Comments to the FCA on their Consultation on the Implementation of the Markets in Financial Instruments Directive II
View Online
October 2016
GFMA, ISDA, FIA, LEBA and EFET MiFID II Commodity Derivatives Position Limits Paper
View Online
October 2016
GFMA, ISDA, FIA, LEBA and EFET MiFID II Application of Position Limits to Non-Commodity Contracts and to Securitised Commodity Derivatives
View Online
August 2016
GFMA Submits Paper to HM Treasury on Economically Equivalent OTC Contracts (EEOTC)
View Online
August 2016
GFMA Submits Paper to HM Treasury on Position Limits/Reporting Regimes
View Online
2015
View all

2015

July 2015
GFMA and ISDA Submit Comments to ACER on REMIT Implementation
View Online
June 2015
GFMA Submits Comments to the HM Treasury Consultation on the Transposition of the Markets in Financial Instruments Directive II
View Online
June 2015
GFMA CWG Submits Comments to the CFTC Regarding Position Limits for Derivatives
View Online
March 2015
GFMA Submits Comments to ESMA in Response to the ESMA MiFID2 Consultation Paper
View Online
January 2015
GFMA Submits Comments to the ESMA Consultation on MiFID1 C6-C7
View Online
2014
View all

2014

October 2014
GFMA Submits Comments to the DECC in Response to the Consultation on REMIT Criminal Sanctions
View Online
September 2014
GFMA, FIA Europe and ISDA Submit Additional Comments to the European Commission with Concerns Regarding REMIT Reporting Regime
View Online
August 2014
GFMA Submits Comments to the ESMA Regarding the MiFID II/MiFIR Consultation and Discussion Papers
View Online
June 2014
GFMA, FIA and ISDA Submit Comments to the European Commission Regarding the Implementation of the REMIT Reporting Regime
View Online
May 2014
GFMA Submits Commens to IOSCO and the FCA on Implementation of PRA Principles
View Online
May 2014
GFMA and FIA Submit Comments to ACER Responding to the Consultation on the Draft TRUM for REMIT
View Online
March 2014
GFMA Provides European Regulators with MiFID II Technical Issues
View Online
January 2014
GFMA Briefing Note: Commodity Trading and Managing Risks
View Online
2013
View all

2013

September 2013
GFMA Submits Comments to the OFGEM on REMIT Penalties Statement and Procedural Guidelines
View Online
August 2013
GFMA and Other Associations Submit Comments to the European Commission, European Parliament and Lithuanian Presidency on MiFID C6
View Online
August 2013
GFMA Submits Comments to Ofgem on the Consultation Calling for Evidence Relating to Pricing Benchmarks for Gas and Electric Markets
View Online
May 2013
GFMA Submits Comments to OFGEM on the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT)
View Online
2012
View all

2012

December 2012
GFMA Submits Comments to the EC on the EC Stakeholder Consultation on Data and Transaction Reporting
View Online
September 2012
GFMA Submits Comments to International Organization of Securities Commissions on Functioning and Oversight of Oil Price Reporting Agencies
View Online
July 2012
GFMA Submits Comments to the ACER on REMIT Data Collection Public Consultation Letter
View Online
May 2012
GFMA Submits Comments to ACER on REMIT Registration Format Public Consultation Paper
View Online
April 2012
GFMA Submits Comments to the FSA on Regulating Bidding for Emissions Allowances
View Online
March 2012
GFMA Submits Comments to ACER and Ofgem on the Regulation on Energy Market Integrity and Transparency
View Online
February 2012
GFMA Submits Comments to the Office of Gas and Electricity Markets on the potential impact of REMIT
View Online

Contacts

Sean Barwick

Director

+44 (0)20 3828 2670

Kathleen Traynor

Advisor

+44 (0)20 3828 2738