Another 1m EUR REMIT fine in Spain
The CNMC (National Regulatory Authority of Spain) has fined a Market Participant just over 1M EUR for issuing non genuine orders in the electricity market sending false or misleading signals.…
The CNMC (National Regulatory Authority of Spain) has fined a Market Participant just over 1M EUR for issuing non genuine orders in the electricity market sending false or misleading signals.…
ACER has issued minor updates to three documents related to REMIT Reporting: An updated TRUM, which adds new allowable elements (here) An updated TRUM Annex VIII, with a new EIC…
The UK version of EMIR REFIT starts today (see here). Those who are under the UK version of EMIR must from today report to UK Trade Repositories using the new…
ACER yesterday published an open letter on two aspects of REMIT II (see here), the requirement for non-EU market participants to have an EU representative, and also the increased requirement…
A large bank has been fined 4.995 million Australian dollars by ASIC, the Australian National Competent Authority, for a for failing to prevent suspicious orders being placed on the electricity…
The CNMC (Spanish National Regulatory Authority) announced that they have fined a market participant 1 million euros for “marking the close” on the MIBGAS Organised Market Place in Q4 2022.…
Mario Draghi, the former prime minister of Italy, has published this report which has been requested by the European Commission, entitled "the future of European Competitiveness". While the report is…
The CFTC announced yesterday that a Swiss firm has been ordered to pay $48m as part of a settlement for allegedly manipulating the EBOB gasoline benchmark on NYMEX and ICE,…
ACER has issued the latest version of the REMIT Quarterly newsletter, which can be found here. This version of the Quarterly summarises the events and notices of the previous period.
ACER has issued an open letter attached on aspects of the new rules on REMIT II (see here) relating to algorithmic("algo") trading and Direct Electronic Access (DEA). Another letter is promised…