Regulatory Responses
Argus is a leading provider of price assessments, business intelligence and market data for the global energy industries. Argus keeps up to date with international governmental policy changes and regulation has become an increasingly important topic.
Below are links to articles, presentations and events Argus has produced to keep the industry aware of regulatory developments.
For further information, please contact info@argusmedia.com
The draft Price Reporting Code for Independent Price Reporting Organisations (IPRO Code) is designed to demonstrate and ensure that all IPRO signatories meet the high standards and principles of good governance required of them to effectively serve the commodity markets and customers. The draft IPRO Code establishes standards to be met across eight fundamental areas of IPRO activity and provides for robust monitoring and compliance.
The draft IPRO Code is available on the websites of Argus, ICIS and Platts.
Feedback is solicited from market participants, other potential IPRO Code signatories and any other interested parties. Responses may be sent directly to each publisher and are requested by 1 July 2012.
Once the IPRO Code is finalised, all independent price reporting organisations will be invited to become signatories and agree to adhere to the Code.
Please send feedback to:
info@argusmedia.com
iprocode@icis.com
comments@platts.com
Argus responses to consultations on energy market regulation.
View a full listing of submissions since May 2009.
Argus response to IOSCO consultation on the functioning and oversight of oil price reporting agencies — March 2012
MAS consultation on OTC derivatives — March 2012
Argus responds to a consultation by the Monetary Authority of Singapore (MAS) on proposed regulation of OTC derivatives.
EMSA consultation on OTC derivatives — March 2012
Argus responds to a European Securities and Markets Authority (EMSA) consultation on draft technical standards for the regulation of OTC derivatives, CCPs and trade repositories.
USA Office of Natural Resources Revenue (ONRR) Federal Oil and Gas Valuation Rulemaking - 26 July 2011
Argus commented on how well index prices represent the value for oil and gas produced in different areas of the country, the use of index pricing to determine production value for oil and gas royalty purposes and whether the use of index pricing should be expanded or altered.
USA Office of Natural Resources Revenue (ONRR) on Federal and Indian Coal Valuation Rulemaking - 26 July 2011
Argus responds regarding new methodologies to establish the royalty value of coal produced on Federal and Indian leases and providing greater simplicity, certainty, clarity, and consistency in production valuation for mineral lessees and mineral revenue recipients.
Argus reminds the commission that price reporting agencies provide efficient and effective post-trade price transparency to over-the-counter energy markets.
Argus Oil Market Regulation Summit 2010, took place on 1 September in Houston, Texas.
This conference brought together oil companies, regulators, leading legal experts, economists and other key energy market experts to discuss the major regulatory initiatives and their potential impacts on the oil industry.