Energy traders seek deal on Remit delegated reporting
EC and Acer guidance generates questions about process and liability
With nine months to go until European energy trading firms are required to start reporting details of their trades and orders in wholesale power and natural gas markets, industry groups are trying to hammer out a standard agreement for delegating reporting to trading venues.
The move comes in response to the demands of the Regulation on Wholesale Energy Market Integrity and Transparency (Remit), which came into force in December 2011. The law seeks to curb market manipulation and insider trading
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