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This year’s Africa Energy Forum presents a unique opportunity for African collaboration
In the rural village of Gwanda, Zimbabwe, a mother walks several kilometres each day to find firewood so she can cook for her children.
Clearing solutions for pension scheme arrangements under EMIR – temporary exemption extended once more
United Kingdom | Publication | May 2023
Pension schemes using certain types of over-the-counter derivatives were previously warned that the temporary exemption under EMIR to centrally clear these trades, which had been extended several times since 2012, was due to end on June 19, 2023.
In our March 2023 update we reported that HM Treasury intended to extend the pension fund clearing exemption for a further period of two years to June 18, 2025. In addition, HMT announced that it would also extend the temporary intragroup exemption regime by a further three years to December 31, 2026.
The relevant extensions will come into force on June 12, 2023, under the Pension Fund Clearing Obligation Exemption and Intragroup Transaction Transitional Clearing and Risk Management Obligation Exemptions (Extension and Amendment) Regulations 2023.
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The future of regional power trade in Southern Africa
Southern Africa is a key focus of attention at the present time, as it faces a perfect storm of an energy emergency due to hydropower generation being severely impacted by reduced water levels due to droughts whilst the demand of its regional miners for clean baseload power rapidly accelerates.
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