Commodity Derivatives Task Force
CHAIR : Martin Wheatley, Managing Director Conduct Business, FSA
RAPPORTEUR : Catherine Sutcliffe, Carsten Ostermann
In the current overhaul of financial regulations, a number of regulatory initiatives have a direct impact on the field of commodity derivatives, particularly the revision of MiFID, MAD or the upcoming regulatory framework for central counterparties (EMIR). The Task Force on Commodities Derivatives Markets was created in November 2011 to carry out ESMA’s responsibilities in the European legislative process by drafting technical advice for the Commission, drafting technical standards and preparing additional input to the European institutions where necessary.
As part of that work, the Task Force will monitor and analyse all regulatory and industry developments relevant for commodity financial markets, (such as energy markets, emission allowances, agricultural commodities, IOSCO reports, regulatory proposals of the US CFTC or G20 statements ).
In terms of markets covered, the following ones will form part of the work of this Task Force: energy (gas, oil and electricity); metals; agricultural and soft commodities; and others, such as emission allowances and freight. In terms of products, the whole range from traditional futures to exotic derivatives would fall under the remit of the Task Force.
A consultative working group has been formed to assist the Task Force, and the list of members is available on the right.
Any correspondence regarding the work of this Task Force should be sent to Info@esma.europa.eu.
Call for candidates
Become a member of the Consultative Working Group (CWG) of the ESMA Commodities Derivatives Task Force (CDTF).
The CWG advises and assists the CDTF in all matters related to ESMA work on commodities derivatives, in particular in relation to issues in the context of the review of the Markets in Financial Instruments Directive (‘MiFID’). This call for candidates is limited to prospective applicants from the field of agricultural commodities in order to replace the member who has recently left the CWG and to ensure a diverse representation of interests and expertise on the CWG on a continued basis.
The successful candidate will join the already existing CWG whose term will expire in March 2014.
This call for expressions of interest is open to suitable candidates from any part of the EU.
For further information on how to apply, please refer to the call for candidates itself.