- Transaction Reporting User Manual (TRUM
ACER issues updated versions of TRUM and guidance on reporting LNG market data
REMIT 2: ACER provides guidance on designated representatives and PPATs
On 25 September 2024, the European Union Agency for the Cooperation of Energy Regulators (ACER) published an Open Letter on the designation of representatives by non-EU market participants and on the new obligations of persons professionally arranging or executing transactions (PPAETs) as set out under the revised Regulation (EU) 1227/2011 on
ESMA report on STORs
On 17 July 2024, the European Securities and Markets Authority (ESMA) published a report on suspicious transaction and order reports (STORs).
Similar to the report published last summer, the report aims at providing the market with a clear overview over the use of STORs in different jurisdictions across the EU and
Commission report on delegation power under MAR
On 17 June 2024, the European Commission (Commission) issued a report to the European Parliament and the Council regarding the delegation of power to adopt delegated acts pursuant to the Market Abuse Regulation (MAR).
Article 35 of MAR sets out the conditions under which the Commission is empowered to adopt delegated
EU REMIT Review: Ten key things market participants should know
Following nearly a year of debate, the legislative review of the proposed amendments to Regulation (EU) 1227/2011 on wholesale energy market integrity and transparency (REMIT) is coming to an end. On 29 February 2024, the European Parliament formally adopted in a plenary vote the amendments to REMIT, this was followed by the approval in
Wholesale energy markets: Council adopts law to protect against market manipulation
On 18 March 2024, the Council of the EU adopted a draft Regulation to protect the wholesale energy market against market manipulation.
The draft Regulation will reinforce market surveillance in the European Union and ensure open and fair competition in the wholesale energy markets. This forms part of the EU’s wider electricity market design and
ESMA report on STORs
On 17 July 2023, the European Securities and Markets Authority (ESMA) published a report on Suspicious Transactions and Order Reports (STORs).
The report provides an overview of how STORs are used across different Member States in the context of the detection and investigation of market abuse, and how their use has
ESMA raises concerns over proposed changes to the insider list regime in the Market Abuse Regulation
On 20 March 2023, the European Securities and Markets Authority (ESMA) published a letter, addressed to the European Parliament and Council, raising concerns over proposed changes to the insider list regime in the Market Abuse Regulation.
The proposed changes, put forward by the European Commission (Commission) in December 2022 as
ACER updates its REMIT data reporting guidance
On 24 November 2022, the European Union Agency for the Cooperation of Energy Regulators (ACER) announced that it has updated its REMIT data reporting guidance.
Following extensive consultation with stakeholders launched in June 2022 that aimed to improve REMIT data reporting, ACER had published:
- The updated Transaction Reporting User Manual (TRUM)
ESMA report on the administrative and criminal sanctions and other administrative measures imposed under the Market Abuse Regulation in 2021
On 18 November 2022, the European Securities and Markets Authority (ESMA) published a report on the administrative and criminal sanctions and other administrative measures imposed under the Market Abuse Regulation (MAR) in 2021.
Article 33 of MAR obliges ESMA to publish an annual report with aggregated information of all penalties and