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REMIT

Updated REMIT guidance and consultation on Inside Information – move to use platforms

ACER released an updated REMIT Guidance document last night, together with some other updated documents. The changes relate to the disclosure of Inside Information under REMIT Article 4, and also the use of the exemption with respect to insider trading. ACER has also opened a consultation on  inside Information. The guidance document (section 7) states that going forward, all Inside Information disclosures under REMIT must be made using Inside Information Platforms (IIP). This change will apply from July 2020. The updated guidance also discusses use of the exemption with respect to insider trading in section 8.2.3.

ACER has opened a consultation on the topic of inside information.

The documents can be found as follows:

  • Updated guidance  – here
  • Updated FAQ on Inside Information disclosure  – here
  • Updated Manual of Procedures – here
  • Consultation document – here

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

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