ICAP Integrates Abide Financial’s Regulatory Reporting Capabilities

ICAP Energy, the energy affiliate of ICAP plc has partnered with transaction reporting specialist, Abide Financial, integrating its regulatory reporting capabilities for the new REMIT (Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term on Wholesale Energy Market Integrity and Transparency) legislation, according to a recent report from Automated Trader.

Since October 2015, all market participants engaging in wholesale energy products are affected by new REMIT transaction reporting obligations. In particular, as an Organized Market Place (OMP) under REMIT legislation, ICAP Energy Ltd will be offering its user-base regulatory, reporting services, via the accord with Abide Financial.

As a result of the service agreement, ICAP Energy customers will now have the option to appropriate REMIT obligations to a respective company to report on their behalf via Abide Financial's regulatory reporting hub.

According to Chris Bates, Founding Director of Abide Financial, in a recent statement on the integration, "We are delighted to be ICAP Energy's regulatory reporting partner and to be able to deliver a highly efficient, full service solution to manage an evolving, Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term, European regulatory reporting burden. We look forward to working with the company to deliver high quality transaction reporting processes and to alleviate the burden of REMIT regulatory reporting and beyond, for its customers."

"Abide's focus on regulatory reporting and effective combination of specialist knowledge, proven and robust reporting technologies and global routing capabilities make them an ideal partner to manage the regulatory reporting obligations contained in REMIT. This solution offers our customers optionality,” added Graham Francis, Managing Director of EMEA Energy and Commodities, ICAP Energy Ltd, in an accompanying statement.

“Customers contracting directly with Abide will benefit from its specialist expertise in compliance-assured and future-proofed transaction reporting services. Our partnership with Abide will also support us to facilitate any other desired customer workflows for REMIT reporting,” Francis concluded.