Our priorities

Find out how the regulatory regime is responding to changes in commodity derivative markets.

The regulatory regime – both in the UK and internationally – needs to be adapted to ensure robust and appropriate oversight of commodity derivative markets as they evolve.

We are responding to these changes in the following ways:

  • We will deliver high quality and effective oversight of the commodity derivative markets we regulate. To achieve this we will:
    • continue our intensive supervision of trading platforms and regulated entities active in UK commodity derivative markets, addressing the risks we have identified.
    • continue to engage with a wide range of market participants in the commodity derivative markets; not just UK-based regulated entities, but also unregulated foreign-based firms, including trading companies.
  • We remain committed to taking a leading role in international commodity derivative policy work, including in ESMA and IOSCO.
  • We will ensure a rigorous application of our market abuse regime, which in time will include effective implementation of the new EU market abuse legislation.
  • We will continue to develop our bilateral dialogue with physical regulators, such as Ofgem, given the close inter-dependencies between physical and commodity derivative markets.
  • We will review how to keep our stakeholders updated on our progress in these priorities.