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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

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

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

Consultation in Denmark opened relating to REMIT

  • Post author:Aviv
  • Post published:July 14, 2023
  • Post category:REMIT

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…

Continue ReadingConsultation in Denmark opened relating to REMIT

Council agrees approach on REMIT II

  • Post author:Aviv
  • Post published:June 20, 2023
  • Post category:REMIT

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…

Continue ReadingCouncil agrees approach on REMIT II

Latest REMIT Quarterly – Singapore MAS reporting date announced

  • Post author:Aviv
  • Post published:May 17, 2023
  • Post category:EMIR/MAS/REMIT

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…

Continue ReadingLatest REMIT Quarterly – Singapore MAS reporting date announced

ACER announces changes to REMIT Table 4 – Gas transportation

  • Post author:Aviv
  • Post published:April 18, 2023
  • Post category:REMIT

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…

Continue ReadingACER announces changes to REMIT Table 4 – Gas transportation

ACM issues guidance on REMIT Inside Information disclosures

  • Post author:Aviv
  • Post published:February 16, 2023
  • Post category:REMIT

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…

Continue ReadingACM issues guidance on REMIT Inside Information disclosures

REMIT fines issued in Bulgaria

  • Post author:Aviv
  • Post published:December 1, 2022
  • Post category:REMIT

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…

Continue ReadingREMIT fines issued in Bulgaria

MAR Effective monitoring fine and REMIT forum registration

  • Post author:Aviv
  • Post published:October 7, 2022
  • Post category:MAR/REMIT

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"…

Continue ReadingMAR Effective monitoring fine and REMIT forum registration
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