On 18 October 2022, the EU Agency for the Cooperation of Energy Regulators (ACER) and the European Securities and Markets Authority (ESMA) announced that they are strengthening their cooperation to further improve information exchange and avoid potential market abuse in Europe’s spot and derivative markets.

Henceforth, ACER and ESMA have announced the following:

  • New joint ACER-ESMA Task Force – ACER and ESMA are establishing a joint Task Force to reinforce their cooperation and enhance coordination in respect of the exchange of data and knowledge among their staff and respective national authorities. This enhanced coordination will further support investigations and enforcement so that rules are applied with vigour and in a convergent and holistic way in national jurisdictions.
  • Enhanced market surveillance and enforcement – The joint ACER-ESMA Task Force will provide a framework for broadening cooperation on the monitoring of energy and energy derivative markets. ACER and ESMA are also ready to cooperate in additional areas in the future. This could notably be the case in the context of the possible new LNG benchmark currently under consideration by the European Commission, and with an enhanced monitoring of risks in energy markets, helping to preserve financial stability in EU markets.