The European Commission has launched a review of the European Markets and Infrastructure Regulation, better known as EMIR. Details can be found here.
Energy Connections
Proposal could shine bigger light on EU policy development
The European Commission has said in the future it will look to make draft texts of its implemented and delegated acts for key EU financial publicly available. First vice-president Frans Timmerman has made the proposal as part of his better regulation agenda. The proposal is at the early stages, with the commission hoping to conclude […]
ESMA makes interesting point on physical forwards
A contact has pointed out an interesting line in the guidelines published on physical power and gas forwards for dealing with current EU financial regulation. The European Markets and Securities Authority (ESMA) has tried to clear up what is a derivative and what is a physical forward under the first version of the Markets in […]
Potential Danish REMIT breach referred to public prosecutor
Some interesting information emerged on Thursday, when the Danish regulator said it has asked the Danish Prosecution Service to start a criminal investigation into whether a company has manipulated the wholesale gas market. If the case leads to a prosecution it could be quite significant. I do not know of any convictions for REMIT breaches that […]