Clifford Chance

New EU market abuse, reporting and registration rules for wholesale energy markets

19 October 2011

A new Regulation on Energy Market Integrity and Transparency (REMIT) will impose for the first time EU-wide rules on insider dealing and market manipulation for wholesale electricity and natural gas markets (including derivatives), based on the existing Market Abuse Directive (MAD). In addition, REMIT creates an EU-wide reporting and registration regime for persons dealing in wholesale energy products. The Regulation will come into force shortly, but transitional provisions delay the immediate impact of the reporting and registration regime.

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