What is acer REMIT?
What is REMIT? ... By prohibiting any trading based on inside information and deterring market manipulation, REMIT sets the ground for increased market transparency and integrity, and ultimately protects the interests of companies and consumers.
How do I find my Acer code?
What is an ACER code? You will receive an ACER code after completing sections 1, 2 and 3 of the registration process. The ACER code is unique to each market participant.
What is REMIT reporting?
One of the key directives under the EU Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) is the obligation for market participants to report wholesale energy market contracts, including orders to trade, within the EU, to the Agency for the Cooperation of Energy Regulators (ACER).
What is REMIT electricity?
REMIT is Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency. REMIT provides a regulatory framework specific to wholesale energy markets that: ... defines market abuse, including market manipulation, attempted market manipulation or insider trading. explicitly prohibits market abuse.
What is European REMIT?
The “Regulation 1227/2011” EU on wholesale energy market integrity and transparency (REMIT), entered into force on December 28th 2011, sets specific rules on the prohibition of insider trading and market manipulation, on the obligation to publish inside information and on monitoring of wholesale markets for electricity ...
Who does REMIT apply to?
1. Summary overview REMIT is the first tailor-made legal framework for the EU energy sector. It is intended to prevent market abuse and the use of insider information in the wholesale electricity and gas markets and in related transportation contracts and derivatives.