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Catching up: REMIT

  • Post author:Aviv
  • Post published:November 16, 2023
  • Post category: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…

Continue ReadingCatching up: REMIT

European Parliament adopts position on REMIT II

  • Post author:Aviv
  • Post published:September 12, 2023
  • Post category:REMIT/Uncategorized

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…

Continue ReadingEuropean Parliament adopts position on REMIT II

REMIT fine in France – Webinars on CBAM

  • Post author:Aviv
  • Post published:August 29, 2023
  • Post category:CBAM/REMIT

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.…

Continue ReadingREMIT fine in France – Webinars on CBAM

GB REMIT fine. Traders sentenced to jail in US

  • Post author:Aviv
  • Post published:August 23, 2023
  • Post category:Dodd Frank/MAR/REMIT

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.…

Continue ReadingGB REMIT fine. Traders sentenced to jail in US

European Commission adopts CBAM

  • Post author:Aviv
  • Post published:August 18, 2023
  • Post category:CBAM/ETS

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…

Continue ReadingEuropean Commission adopts CBAM

Fines, forums and more

  • Post author:Aviv
  • Post published:August 14, 2023
  • Post category:Dodd Frank/REMIT

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…

Continue ReadingFines, forums and more

Spoofing fine levied on UK trader by CFTC

  • Post author:Aviv
  • Post published:August 2, 2023
  • Post category:Dodd Frank/MAR/REMIT

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…

Continue ReadingSpoofing fine levied on UK trader by CFTC

Company in Spain ordered to pay 41.5M EUR for electricity price manipulation

  • Post author:Aviv
  • Post published:July 28, 2023
  • Post category:REMIT

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…

Continue ReadingCompany in Spain ordered to pay 41.5M EUR for electricity price manipulation

ACER publishes open letter on LNG data quality

  • Post author:Aviv
  • Post published:July 27, 2023
  • Post category:LNG/REMIT

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…

Continue ReadingACER publishes open letter on LNG data quality

REMIT case in Italy – ESMA MAR report

  • Post author:Aviv
  • Post published:July 26, 2023
  • Post category:MAR/REMIT

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…

Continue ReadingREMIT case in Italy – ESMA MAR report
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