Call for tenders for the post-trade infrastructure and transparency regarding carbon trading

The European Commission has published a call for tenders for interplay between the EU ETS registry and the post-trade infrastructure in the financial markets, and transparency in the carbon market The EU Emissions Trading System (EU ETS) is a cornerstone of the European Union...

The European Commission has published a call for tenders for interplay between the EU ETS registry and the post-trade infrastructure in the financial markets, and transparency in the carbon market

The EU Emissions Trading System (EU ETS) is a cornerstone of the European Union's policy to combat climate change and its key tool for reducing industrial greenhouse gas emissions cost-effectively.

The aim of the tender is to provide technical analysis (including analyses of impact where indicated) and advice to the Commission on the following issues:
- interplay between the single EU ETS registry, the post-trade infrastructures in the financial markets, legal certainty in the treatment of emission allowances across the EU, as well as advice on the merits and modalities of extending the Financial Collateral Directive to emission allowances;
- technical elements to be covered in delegated acts on trade transparency (pre- and post-, for trading venues and systematic internalisers) envisaged under the proposed Markets in Financial Instruments Regulation (MiFIR proposal) to the extent such acts deal with emission allowances and their derivatives;
- technical elements (in particular the materiality threshold) to be covered in a delegated act on disclosure of inside information by market participants concerning emission allowances as envisaged under the proposed Market Abuse Regulation (MAR proposal).
The tender also calls for contributions, in accordance with the instructions of the Commission, to the preparation of a stakeholder consultation.To see the official call announcement, please consult:
OJ No S 65 of 3 April 2012