Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency

E904499

EU energy law EU financial market regulation European Union regulation

Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency (REMIT) is an EU law that combats insider trading and market manipulation in wholesale electricity and gas markets by imposing transparency, monitoring, and reporting obligations on market participants.

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Statements (50)

Predicate	Object
instanceOf	EU energy law ⓘ EU financial market regulation ⓘ European Union regulation ⓘ
adoptedBy	Council of the European Union NERFINISHED ⓘ European Parliament NERFINISHED ⓘ
adoptionProcedure	ordinary legislative procedure ⓘ
aimsTo	combat insider trading in wholesale energy markets ⓘ combat market manipulation in wholesale energy markets ⓘ enhance transparency in wholesale energy markets ⓘ ensure integrity of wholesale electricity and gas markets ⓘ
appliesTo	market participants in wholesale energy markets ⓘ wholesale electricity markets ⓘ wholesale natural gas markets ⓘ
complements	EU financial market legislation such as MiFID ⓘ EU market abuse framework ⓘ
cooperatesWith	national regulatory authorities of EU Member States ⓘ
covers	contracts for the supply of electricity ⓘ contracts for the supply of natural gas ⓘ derivatives related to electricity ⓘ derivatives related to natural gas ⓘ wholesale energy products ⓘ
dateOfAdoption	2011 ⓘ
designates	Agency for the Cooperation of Energy Regulators as central information collection body NERFINISHED ⓘ
empowers	Agency for the Cooperation of Energy Regulators to monitor wholesale energy markets NERFINISHED ⓘ
enteredIntoForce	2011 ⓘ
establishes	framework for monitoring wholesale energy markets ⓘ
fullTitle	Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency NERFINISHED ⓘ
geographicalScope	EU Member States NERFINISHED ⓘ European Economic Area to the extent of EEA relevance ⓘ
imposesObligationOn	wholesale energy market participants ⓘ
jurisdiction	European Union ⓘ
legalBasis	Treaty on the Functioning of the European Union ⓘ
legalNature	directly applicable in all EU Member States ⓘ
objective	increase confidence in the integrity of wholesale energy markets ⓘ protect final consumers by ensuring fair energy prices ⓘ
policyArea	energy ⓘ financial markets ⓘ internal energy market ⓘ
prohibits	attempted market manipulation in wholesale energy markets ⓘ insider trading in wholesale energy products ⓘ market manipulation in wholesale energy markets ⓘ
providesFor	sanctions for breaches to be determined by Member States ⓘ
requires	establishment of national registers of market participants ⓘ public disclosure of inside information by market participants ⓘ registration of market participants with national regulatory authorities ⓘ reporting of wholesale energy market transactions ⓘ
requiresCooperationBetween	ACER and national regulatory authorities ⓘ
shortName	REMIT NERFINISHED ⓘ
subjectMatter	wholesale energy market integrity ⓘ wholesale energy market transparency ⓘ

Referenced by (1)

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Agency for the Cooperation of Energy Regulators → appliesRegulation → Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency ⓘ