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Registration for REMIT – requirement to reveal corporate structures Print
Saturday, 28 April 2012 16:52

 

As market participants will not be allowed to trade until they are registered, it may potentially represent a barrier to trade in the internal energy market.

Registration will not be a one-off event, but rather an ongoing requirement due to obligation to keep information provided up-to-date. From the practical point of view it is therefore necessary to establish within corporate structures of market participants arrangements ensuring that new requirements will be properly and timely discharged.

It should be noted that market participants are under obligation to register even if they are located outside the European Union.

 

Another issue of potential significance for the wider market is the commercial exploitation for data contained in the part of the register publicly revealed by ACER.

 

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100 MW outages as REMIT inside information Print
Tuesday, 24 April 2012 16:44

 

Somebody my ask why exactly 100 MW (and above) outage is treated as inside information under REMIT Regulation and what is the legal basis for such determination...

 

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Power exchanges – uniform EU regulation desirable Print
Saturday, 21 April 2012 14:13

 

1. Are there in any Member State any energy exchanges which do not qualify as regulated markets or MTF as defined by MiFID (for instance act under specific national legislation divergent from financial markets regulations)?

2. Do the energy exchanges referred to under point 1 trade in physically settled commodity (electricity) forwards?

3. Are transactions mentioned in points 1 and 2 captured by MiFID?

 

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Contentious collateral in EMIR draft technical standards Print
Monday, 16 April 2012 06:15

 

It seems that there is no agreement between European Supervisory Authorities and non-financial market participants as regards draft Technical Standards on risk mitigation techniques for OTC derivatives not cleared by a CCP under the Regulation on OTC derivatives, CCPs and Trade Repositories (the draft RTS).

 

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Rumours in the practical application for REMIT – interlinkages with the emissions market Print
Wednesday, 11 April 2012 06:39

 

There are grounds for applying certain regulatory guidance elaborated under financial instruments’ market abuse regime to wholesale energy products regulated by the REMIT Regulation. The best practice for the treatment of rumours seems to be good example.

 

These points might also be of relevance for emitters of greenhouse gases, considering interdependencies between electricity and carbon price curves and the future potential covering of emissions allowances by the financial instruments legislation.

 

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