The European Parliament has adopted the latest version of REMIT II, which will see some significant changes (see here). The announcement can be found here and the adopted text here. The next stage is for the text to be endorsed by the Council. Once it is in the Official Journal the clock starts on the new rules taking application at various times.

A financial firm in Ireland has been fined 1,225,000 EUR by the Central Bank of Ireland for a breach of MAR Article 16(2), the “effective monitoring” requirement, which applies to all “Professional Persons Arranging or Executing Transactions” (PPAET) and also covers many non-financial firms in energy and commodities. The notice can be found here.

A previous case in Finland has reached the conclusion that some erroneous orders entered on a Wholesale Energy Market in 2022 by a market participant constituted market manipulation under REMIT Article 5 . However given mitigating circumstances no penalty has been given. The announcements can be found here and here.