Catching up: REMIT
We have been offline for a few weeks but this blog is now back up and running: This post catches up on some key items around REMIT. Further catch ups…
We have been offline for a few weeks but this blog is now back up and running: This post catches up on some key items around REMIT. Further catch ups…
Last week the European Parliament adopted its position on REMIT II (see here). The documents can be found here and here. The position will go into the "Trilogue" process with…
The CRE (French NRA) has published a decision to levy a fine of 80,000 EUR on a market participant for the late disclosure of Inside Information under REMIT Article 4.…
Ofgem, Great Britain's National Regulatory Authority, has fined a market participant 5.4M GBP for failing to comply with communication retention rules that are found in the UK version of REMIT.…
Yesterday the European Commission adopted the Implementing Act of the Carbon Border Adjustment Mechanism (CBAM) (see here). This rule will require that EUA equivalent certificates be attached to imports of…
Several pieces of news have come to light over the past days while we have been offline: ACER released the latest version of the REMIT Quarterly, which can be found…
The CFTC yesterday announced that a UK based trader has been fined $150,000 and banned from trading for a year for spoofing WTI futures on NYMEX. The trader carried out…
CNMC, the National Regulatory Authority of Spain, has ordered a market participant to pay a fine of 6M EUR of top of compensation of 35.5M EUR for price manipulation of…
ACER today published this open letter relating to data reporting of LNG activity under the Council Regulation introduced earlier this year (see here). The letter highlights issues with some of…
ARERA, the National Regulatory Authority for Italy, has posted this announcement informing of action against a market participant for breaches of REMIT Article 5 (market manipulation). The activity in question…