The CNMC Spanish National Regulatory Authority has announced a fine of 1M Euros levied on a market participant for a breach of REMIT Article 5, the market manipulation prohibition. The market participant was found to have traded in the pricing window of the MIBGAS market, sending in low offers to depress the reference price, shortly before the close, on several occasions in 2023. The CNMC has previously issued other such fines (see here). The notice can be found here.