5m EUR REMIT fine in Italy
ARERA, the National Regulatory Authority in Italy, has fined a market participant 5 million EUR for a breach of REMIT Article 5 related to economic withholding. The notice can be…
ARERA, the National Regulatory Authority in Italy, has fined a market participant 5 million EUR for a breach of REMIT Article 5 related to economic withholding. The notice can be…
ACER has today opened a consultation on the reporting of energy derivatives under REMIT. The consultation centres on a new proposed Annex on the topic, similar to the current Annex…
A criminal case in Denmark, that resulted in the arrest of traders in 2023 (see here), based on allegations of market manipulation under REMIT, has been dropped. This article on…
Following a consultation run last year (see here), in which the financial regulation of the commodity derivatives market was considered for change, the European Commission DG FISMA has now published…
ACER has today issued the latest REMIT Quarterly newsletter, which can be found here. In addition to "the usual" updates, it contains a section addressing algorithmic trading and the requirements…
ACER has announced a day long public online REMIT II workshop on 11th June covering surveillance and reporting matters. More information and registration can be found here. ESMA has produced…
The Finnish Energy Authority has proposed that a Market Participant be fined 9.25M EUR for breaches of REMIT due to the placing of erroneous orders and the impact of them.…
Following last week's adoption of the new REMIT Implementing Regulation and Delegated Regulation (see here) by the European Commission, ACER has today opened a consultation on new Guidelines on transaction…
Nordpool has released the third version of their "REMIT Best Practice" document which is the product of several entities. The new version adds more information on algorithmic trading controls (as…
Ofgem, the National Regulatory Authority of Great Britain, has issued a note on the use of thresholds under REMIT for determining whether a piece of Information is "Inside Information". The…