Acer investigated 10 potential breaches of Remit in 2012
The Ljubljana-based Agency for the Cooperation of Energy Regulators (Acer) investigated 10 potential breaches of European Union (EU) anti-manipulation and insider trading rules during 2012, according to a report released by the agency on November 7.
The cases were disclosed in Acer’s first annual report of activities related to the Regulation on Wholesale Energy Market Integrity and Transparency (Remit). The regulation came into force in December 2011 and outlaws market manipulation and insider
More on Regulation
EU lags UK on commodity position limits – RWE
German energy firm urges EU to follow UK in handing position limit powers to trading venues
Traders prepare for EU energy rules despite political risk
Exporter pressure on LNG supplies is threatening Europe’s regulatory push, leaving markets uncertain
Esma sounds out industry for ways to cut reporting burden
Markets watchdog asks consultative groups for ideas to simplify reporting rules
Why EU banks have snubbed revised green finance metric
Banks steer clear of Banking Book Taxonomy Alignment Ratio in droves
Ruled out: can regulators settle the pre-hedging debate?
Market participants are at odds over the practice and whether regulation or principles can settle the score
First green asset ratios come in low as EU banks protest methodology
ABN Amro only bank to break double digits in a sample of 23 lenders
Commodities surge presents UMR test for Asia’s sell side
Increased interest in commodity exotics comes amid scrutiny of margin calculation models
Some see Esma reining in position limits after review
The scope of position limits could shrink to cover just the major benchmarks, one executive argues