More than ever, global energy marketing and trading companies are subject to the oversight of multiple regulatory bodies across many jurisdictions. In 2014, the Commodity Futures Trading Commission (CFTC) obtained a record $3.27 billion in monetary sanctions against companies and individuals. Additionally, the Federal Energy Regulatory Commission (FERC) obtained a total of $25 million in civil penalties and $4 million in unjust profits. With such companies facing increasing regulatory risk, there are many considerations to avoid violations and curb risky behavior before respective regulators, which have their own rules with which market participants must comply.
Limited to just the United States and United Kingdom, energy marketing and trading companies operating in those countries must devote significant time and resources to compliance with the CFTC, FERC, Federal Trade Commission and Department of Justice rules in the United States; and the Financial Conduct Authority, European Commission and Office of Gas & Electricity in the United Kingdom.
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