Multilateral trading facility and Solar CSP: Difference between pages

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imported>Doug Williamson
(Note covered by MAR.)
 
imported>Doug Williamson
(Expand heading.)
 
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(MTF).
''Energy - sustainable finance - green finance''.


A facility for trading which is less formal than a fully established exchange.
Solar CSP is an abbreviation for Concentrating Solar Power energy generation.




Operating a Multilateral trading facility is an investment service to which [[MiFID]] regulation applies.
Solar CSP systems use reflectors to focus and concentrate the sun's light energy, typically to raise the temperature of a heat-absorbing heat transfer fluid.


The heat energy in the heat transfer fluid is then used in turn to generate electricity, for example through steam turbines.


An MTF is defined for MiFID purposes as:
Contrasted with Solar PV systems, which generate electricity directly.
 
#A multilateral system
#Operated by an investment firm or a market operator
#Which brings together multiple third-party buying and selling interests in financial instruments
#In the multilateral system
#In accordance with non-discretionary rules
#In a way that results in a contract.
 
 
MTFs are required under MiFID to comply with regulations about:
 
#Organisation
#Transparency and
#Market surveillance.
 
 
The regulations for MTFs are similar to those applying to larger and more formal regulated markets (RMs).
 
However, the regulatory requirements for MTFs are lighter than the requirements for regulated markets.
 
 
''MiFID Level 1 Directive. Articles 4(15), 13, 14, 25, 26, Annex I, Section A.''
 
 
Participants in MTFs are also subject to the Market Abuse Regulation (MAR).
 
 
 
MTFs were formerly known as Alternative Trading Systems (ATSs).
 
 
The MTF system is sometimes also known as a 'venue'. 
 
In practice the venue would normally be a virtual venue, rather than a physical location.




== See also ==
== See also ==
*[[Broker crossing network]]
* [[Green finance]]
*[[Market Abuse Regulation]]
* [[Renewables]]
*[[MiFID]]
* [[Solar PV]]
*[[Organised trading facility]]
* [[Sustainable finance]]
*[[Regulated market]]
*[[Systematic internaliser]]


[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Corporate_finance]]
[[Category:Compliance_and_audit]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]
[[Category:Technology]]

Latest revision as of 15:57, 1 January 2020

Energy - sustainable finance - green finance.

Solar CSP is an abbreviation for Concentrating Solar Power energy generation.


Solar CSP systems use reflectors to focus and concentrate the sun's light energy, typically to raise the temperature of a heat-absorbing heat transfer fluid.

The heat energy in the heat transfer fluid is then used in turn to generate electricity, for example through steam turbines.

Contrasted with Solar PV systems, which generate electricity directly.


See also