EBA launches data collection addressed to commodity derivatives firms to review the prudential framework for investment firms

MiFID Firms

Date: 19 January 2017

On 20th December 2016, the European Banking Authority (EBA) launched a data collection for commodity derivatives firms that will support the European Commission in the calibration of the new prudential regime for investment firms. This exercise follows up on the consultation the EBA launched on 4 November 2016 in response to the European Commission's call for technical advice on the design of a new prudential regime for investment firms, including the extent to which the new regime would also be suitable for or adaptable to specialised commodity derivatives firms.

The data collection comprises of five parts. The first two parts focus on general and financial information whereas the other three parts focus on prudential requirements and aim at gathering information on regulatory capital, liquidity and large exposures.

This data collection has been designed in a way that reduces the burden by limiting the number of variables requested. The templates will take into account the specificities of commodity derivatives firms, including the fact that some of them are not currently prudentially regulated.

Firms are kindly invited to submit the completed templates to their respective Competent Authority, who will then forward them onto the EBA. Those firms that are not currently regulated can submit the data directly to the EBA by e-mail to [email protected]. The data collection runs until 20 February 2017.