Regulatory resource centre

From 1st Jan 2017 all REMIT disclosures from bp will be published at remit.bp.com.

 

We do not have any assets in respect of which we are currently publishing REMIT notices. We have signed up to GME and GB REMIT Central Collection & Publication Service and have the ability to publish there if needed.

Find public disclosure of inside information as required by the Market Abuse Regulation (MAR) on behalf of bp’s supply and trading legal entities.

 

For information on BP plc, please refer to regulatory news service.

bp Group conducts its global trading activities through a function known as Trading & Shipping (‘T&S).  T&S has two UK Financial Conduct Authority (‘FCA’) authorised MiFID II* Investment Firms, Britannic Energy Trading Limited (‘BET’) (reference number: 184256) and Britannic Trading Limited (‘BTL’) (reference number: 140459) who only deal with professional clients and eligible counterparties as defined by FCA rules.
 

Article 9 MiFID II

Article 9 in MiFID II sets out requirements for management bodies of investment firms. How the management body of BTL and BET comply with these requirements is set out in the public disclosures available below in the Capital Requirements Directive (CRD) section.

Find public disclosure of Pillar 3 disclosure requirements, including information on remuneration, required by the UK Capital Requirements Directive (CRD IV) on behalf of bp’s supply and trading legal entities. For the BP plc Directors remuneration report please see the Annual Report.

Please find below the ISDA general disclosure statement and ISDA Commodities derivatives disclosure annex published by the International Swaps and Derivatives Association, Inc. (“ISDA”). These disclosures will apply to all standard transactions, as defined in the ISDA general disclosure statement and ISDA commodities derivatives disclosure, between you and bp Energy Company. You can also find the current ISDA disclosures by visiting International Swaps and Derivatives Association, Inc. (“ISDA”). 

Disclaimer by ISDA

 

(a) In no event may any copyright or trademark notice from the International Swaps and Derivatives Association, Inc. ('ISDA') be removed; and (b) this instrument's use should be undertaken only after securing appropriate legal advice on its provisions and ISDA makes no warranty or assurance, express or implied, concerning this instrument's suitability for use in any particular transaction and bears no responsibility or liability whatsoever, whether in tort or in contract, in respect of any use of this instrument.

 

In general, ISDA documents are protected by federal copyright law and international copyright treaties. The unauthorized reproduction and/or distribution of copyrighted documents may violate U.S. copyright law and international agreements. Violations may be punishable by statutory fines of up to $150,000 and other severe civil and/or criminal penalties. Please click here for the 'Memorandum on frequently asked questions on copyright'. Contact the ISDA Legal Department at isda@isda.org or 212-901-6000 for more information if you have any questions.

bp Energy Company (“BPEC”) is provisionally registered as a “swap dealer” as defined in Section 1a(49) of the Commodity Exchange Act and CFTC Regulation 1.3(ggg).

 

In order for BPEC to be able to transact with you, we are requesting that you agree to adhere to ISDA’s August 2012 [and March 2013] Dodd-Frank Protocols (the “Protocol”) , including any addendums to the Protocol relevant to your transactions with us and complete the associated questionnaire, please see Dodd-Frank Documentation Initiative.

 

BPEC subscribed to ISDA Amend, a joint service provided by Markit and ISDA, to enable swap dealers and their clients to amend swap documentation using a single online tool. All aspects of the questionnaire are now available online at IHS Markit.

 

BPECs questionnaire will be available on ISDA Amend, but if you prefer to exchange the questionnaire directly with us via email, you may submit your questionnaire to FinancialContractsExternal@uk.bp.com.

 

Please note that BPEC expects to subscribe to additional ISDA protocols that are currently in the process of being finalized. Accordingly, BPEC may ask you to adhere to those additional protocols in the future so that we can continue to transact with you. We will keep you updated on these additional ISDA protocols and provide you with any related documentation that we believe requires your attention or completion.

In connection with certain CFTC regulations applicable to swap dealers, upon BPEC’s registration as a swap dealer, BPEC will be providing a daily mark to all of its non-swap dealer, non-security-based swap dealer, non-major security-based swap participant and non-major swap participant counterparties for non-cleared swap(s) and security-based swap(s) existing with such parties, for the duration of such swap(s).

 

BPEC has a customer portal whereby it will provide such daily marks. bp customer portal is password restricted and your account must be set up in order to view your reports. Therefore, if you currently do not have access to the bp customer portal, please request access.

 

With respect to cleared swaps, we will not be providing you with a daily mark, however, upon your request, you have the right to receive the daily mark from the relevant derivatives clearing organization.

bp Energy Company (“bp”) adopts the Code of Conduct below for persons engaged on bp’s behalf or on behalf of any of bp’s affiliates in natural gas sale for resale transactions and for voluntarily submitting energy pricing data to appropriate trade publications.

 

BP Energy Company
Email: BPEnergyNotice@bp.com
Phone: +1 713 323 0911