Fines, forums and more
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…
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…
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…
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…
Forsyningstilsynet, the Danish National Regulatory Authority, has opened a consultation into the practice of "self trades" in capacity on borders and the issue of capacity hoarding under REMIT. The consultation…
The European Council have yesterday agreed their approach to REMIT II, as announced here. Since the publication of the original REMIT II proposal earlier this year (see here), approaches by…
ACER has today issued the latest version of the REMIT Quarterly newsletter, which can be found here. In addition to the "usual" statistics, the newsletter summarises the changes proposed by…
ACER has announced that the formats used for Table 4, used for reporting of gas transportation contracts under REMIT, will be updated. The older versions of Table 4 will no…
The Autoriteit Consument & Markt (ACM), the National Regulatory Authority of the Netherlands, has published guidance on compliance with REMIT Article 4, the requirement to disclose Inside Information on an…
EWRC, the National Regulatory Authority of Bulgaria, has announced that six market participants have been fined a total of 1.258m Levs (641k Euros) for breaches of REMIT Article 5, the…
In what is proving to be a "big news" day, the FCA has announced a fine levied against a broker for various failings, including failing to carry out "effective monitoring"…