REMIT – Page 15 – Energy & Commodity Trading Regulation

REMIT documents from ACER: Brexit, Q+A and fees

Post author:Aviv
Post published:December 22, 2020
Post category:Brexit REMIT

ACER has issued several updated documents relating to REMIT: An updated open letter on the application of Brexit with respect to the upcoming transition, which can be found here. The…

EDF Energy Thermal Generation agrees to pay £6 million for possible REMIT breach

Post author:Aviv
Post published:December 16, 2020
Post category:REMIT

Ofgem, the National Regulatory Authority for Great Britain, announced today that EDF Energy Thermal Generation has agreed to pay 6 million GBP for a possible REMIT breach, as well as…

Anti abuse case updates – Oil market crash and insider trading

Post author:Aviv
Post published:November 26, 2020
Post category:Dodd Frank MAR REMIT

The CFTC has published this report which investigates the oil price "crash" that occurred in April, that sent prices down to negative levels (see here). This article on Bloomberg reports…

REMIT announcements: Inside Information, validations and updated Guidance

Post author:Aviv
Post published:November 23, 2020
Post category:Brexit Corona REMIT

ACER has issued some updates last week related to the impact of Covid-19, Brexit in the form of an open letter (see here), and also an updated Guidance document (here).…

New ACER documents – Data reporting, case studies and hydrogen

Post author:Aviv
Post published:November 18, 2020
Post category:REMIT

ACER has released two documents over the past days: Fourth open letter on data quality - hereNew REMIT quarterly newsletter - here The open letter includes some general observations and…

Ofgem publishes open letter on GB REMIT transition end

Post author:Aviv
Post published:October 14, 2020
Post category:Brexit REMIT

Ofgem , the National Regulatory Authority for Great Britain, has published this open letter which gives guidance on the arrangements for the end of the transitional period of Brexit, in…

REMIT: Open letter from Ofgem on market manipulation in the Balancing Market

Post author:Aviv
Post published:October 7, 2020
Post category:REMIT

Last week Ofgem, the National Regulatory Authority for Great Britain, issued this open letter entitled "Dynamic parameters and other information submitted by generators in the Balancing Mechanism". The letter refers…

US spoofing fines, settlements and verdicts, UK message deletion case returns not guilty verdict

Post author:Aviv
Post published:September 30, 2020
Post category:Dodd Frank MAR REMIT

Several cases around spoofing in the US have moved forward as well as one in the UK: The case against JP Morgan reported last week for spoofing in precious metals…

JP Morgan set to pay $1bn for spoofing

Post author:Aviv
Post published:September 24, 2020
Post category:Dodd Frank MAR REMIT

See here for an article on Bloomberg which reports that JP Morgan are set to pay about $1bn to settle the matter of spoofing accusations that have been in the…

German market abuse case continues, US trial for spoofing, FCA MarketWatch on “tip offs”, FIA document

Post author:Aviv
Post published:September 16, 2020
Post category:Dodd Frank MAR REMIT

There has been recent movement on several cases previously reported in the past days: In Germany, the National Regulatory Authority Bundesnetzagentur has reported here that the investigation into irregularities in…