Legal Alert


ESMA Consultation Paper on the Opinion on Trading Venue perimeter, ESMA70-156-4978

Related articles: 

Multilateral system (MiFID definitions)

Trading venues

Request-for-quote (RFQ) system


EBA publishes binding standards on Pillar 3 disclosures on ESG risks

Related article: Sustainable finance


Letter to Co-Legislators on Regulation for European Green Bonds

Related article: EU Green Bond Standard (EU GBS)


European Commission begins expert consultations on Complementary Delegated Act covering certain nuclear and gas activities - "Commission considers there is a role for natural gas and nuclear as a means to facilitate the transition towards a predominantly renewable-based future. Within the Taxonomy framework, this would mean classifying these energy sources under clear and tight conditions (for example, gas must come from renewable sources or have low emissions by 2035), in particular as they contribute to the transition to climate neutrality".

Commission Delegated Regulation amending Delegated Regulation (EU) 2021/2139 as regards economic activities in certain energy sectors and Delegated Regulation (EU 2021/2178 as regards specific public disclosures for those economic activities (Complementary Delegated Act - CDA)

Related articles: 

Taxonomy technical screening criteria (TSC)

Taxonomy Regulation


EU Platform on Sustainable Finance Response to the Complementary Delegated Act

Related article: Taxonomy Regulation


Instructions on how to download transparency results files v1.4 – Updated

Related article: Financial Instruments Reference Data System (FIRDS)


Commission proposes new EU framework to decarbonise gas markets and promote hydrogen, consisting of: 

- Proposal for a Directive of the European Parliament Parliament and of the Council on common rules for the internal markets in renewable and natural gases and in hydrogen, COM/2021/803 final,

- Proposal for a Regulation of the European Parliament Parliament and of the Council on the internal markets for renewable and natural gases and for hydrogen (recast), COM/2021/804 final.

Related articles: 

Hydrogen use in the energy sector 

Power-to-gas (P2G) technology

Gas target model


Re-endorsement of rules for large combustion plants to reduce air pollution - Commission Implementing Decision (EU) 2021/2326 of 30 November 2021 establishing best available techniques (BAT) conclusions, under Directive 2010/75/EU of the European Parliament and of the Council, for large combustion plants published in the EU Official Journal

Related article: Best Available Techniques (BAT)


European Commission approves €900 million German scheme to support investments in production of renewable hydrogen

Related article:

Hydrogen use in the energy sector 


Guidelines on State aid for climate, environmental protection and energy 2022 enter into force in January 2022

Related article: CEEAG


ACER to decide on ENTSO-E’s proposal for the Regional Coordination Centre Post-Operation and Post-Disturbances Analysis and Reporting Methodology

ENTSO-E Proposal for Regional Coordination Centre Post- Operation and Post-Disturbances Analysis and Reporting Methodology in accordance with Article 37 (1) (i) of the Regulation (EU) 2019/943 of the European Parliament and of the Council of 5 June 2019 on the internal market for electricity

Related article: Regional Coordination Centres (RCCs)

Methodology for Mandatory Peer Reviews in relation to CCPs’ authorisation and supervision under EMIR

Related article: Central counterparty (CCP)


Call for evidence, DLT Pilot Regime and review of MiFIR regulatory technical standards on transparency and reporting, ESMA70-156-4957

Related article: Distributed ledger technology (DLT)


Communication from the Commission supplementing the Guidelines on certain State aid measures in the context of the system for greenhouse gas emission allowance trading post-2021 2021/C 528/01, C/2021/8413

Related article: Guidelines on certain State aid measures in the context of the system for greenhouse gas emission allowance trading post 2021


ESMA Final report, Guidelines on certain aspects of the MiFID II appropriateness and execution-only requirements., ESMA35-43-2938

Related article: Execution-only service


Proposal for a Directive of the European Parliament and of the Council on the energy performance of buildings (recast), COM/2021/802 final

Related article: Energy Performance of Buildings Directive (EPBD)


ACER Decision 13/2021 withdrawing Decision No 08/2021 of 29 June 2021 on the definition of system operation regions

Related article: System Operation Region (SOR)


ACER Decision 14/2021 on the Long-Term Capacity Calculation Methodology of the Core Capacity Calculation Region - implementation of the long-term capacity calculation methodology will start with the yearly auctions for 2025 and monthly auctions for January 2025.

Related article: Capacity Calculations Regions (CCRs) - the key architecture of the EU Internal Electricity Market


ESMA Questions and Answers on SFTR data (ESMA74-362-893) updated - amended Question 2, Reporting of settlement fails

Related article: Regulation on transparency of securities financing transactions and of reuse (SFTR)