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European Council adopts new EU regulation on energy trading

10 Oct 2011 14:55:30 | edem esgm

The new Regulation on Energy Market Integrity and Transparency (REMIT) was adopted by the European Council on Monday.

REMIT is aimed at identifying and prosecuting insider trading and market manipulation in Europe's gas and electricity markets (see ESGM 5 October 2011).

The regulation was first proposed by the Commission on 8 December 2010. The European Parliament adopted the text in the first reading on 14 September. The regulation will become legally binding 20 days after its publication in the EU's Official Journal.

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