ACER backs NRA enforcement of REMIT and demands better surveillance from traders.
REMIT
Consultation on the new guidelines for transaction reporting.
CNMC reminds us that even an attempt to manipulate is a breach of REMIT. We compare the case with recent fines and look at ACER guidance on market manipulation.
Ongoing regulatory scrutiny, new transparency tools, and a continued focus on improving surveillance and reporting standards.
Reports focus on PPATs' readiness to identify suspicious activities and examine how NRAs analyze STORs.
Notable changes include: new obligations for third-country market participants; order book reporting by organised marketplaces; and expansion of REMIT’s scope.
Energi Danmark A/S has agreed to pay a fine of DKr 380,000 for violating a ban on market manipulation under REMIT.
The firms were sanctioned for breach of European regulation on wholesale energy market integrity and transparency – REMIT.