Fact Card: REMIT Reporting Offering

The Regulation on Wholesale Energy Market Integrity and Transparency (“REMIT”) established an EU market monitoring framework to detect and prevent market abuse in wholesale energy markets. From 7 October 2015, REMIT will impose an obligation on market participants to register with a National Regulatory Authority (“NRA”) and to report certain information to the European Agency for the Cooperation of Energy Regulators (“ACER”) relating to transactions and orders to trade in “wholesale energy products”

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