Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency

E904499

Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency (REMIT) is an EU law that combats insider trading and market manipulation in wholesale electricity and gas markets by imposing transparency, monitoring, and reporting obligations on market participants.

All labels observed (2)

How this entity was disambiguated

Statements (50)

Predicate Object
instanceOf EU energy law ⓘ
EU financial market regulation ⓘ
European Union regulation ⓘ
adoptedBy Council of the European Union ⓘ
European Parliament ⓘ
adoptionProcedure ordinary legislative procedure ⓘ
aimsTo combat insider trading in wholesale energy markets ⓘ
combat market manipulation in wholesale energy markets ⓘ
enhance transparency in wholesale energy markets ⓘ
ensure integrity of wholesale electricity and gas markets ⓘ
appliesTo market participants in wholesale energy markets ⓘ
wholesale electricity markets ⓘ
wholesale natural gas markets ⓘ
complements EU financial market legislation such as MiFID ⓘ
EU market abuse framework ⓘ
cooperatesWith national regulatory authorities of EU Member States ⓘ
covers contracts for the supply of electricity ⓘ
contracts for the supply of natural gas ⓘ
derivatives related to electricity ⓘ
derivatives related to natural gas ⓘ
wholesale energy products ⓘ
dateOfAdoption 2011 ⓘ
designates Agency for the Cooperation of Energy Regulators as central information collection body ⓘ
empowers Agency for the Cooperation of Energy Regulators to monitor wholesale energy markets ⓘ
enteredIntoForce 2011 ⓘ
establishes framework for monitoring wholesale energy markets ⓘ
fullTitle Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency ⓘ
geographicalScope EU Member States ⓘ
European Economic Area to the extent of EEA relevance ⓘ
imposesObligationOn wholesale energy market participants ⓘ
jurisdiction European Union ⓘ
legalBasis Treaty on the Functioning of the European Union ⓘ
legalNature directly applicable in all EU Member States ⓘ
objective increase confidence in the integrity of wholesale energy markets ⓘ
protect final consumers by ensuring fair energy prices ⓘ
policyArea energy ⓘ
financial markets ⓘ
internal energy market ⓘ
prohibits attempted market manipulation in wholesale energy markets ⓘ
insider trading in wholesale energy products ⓘ
market manipulation in wholesale energy markets ⓘ
providesFor sanctions for breaches to be determined by Member States ⓘ
requires establishment of national registers of market participants ⓘ
public disclosure of inside information by market participants ⓘ
registration of market participants with national regulatory authorities ⓘ
reporting of wholesale energy market transactions ⓘ
requiresCooperationBetween ACER and national regulatory authorities ⓘ
shortName REMIT ⓘ
subjectMatter wholesale energy market integrity ⓘ
wholesale energy market transparency ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Agency for the Cooperation of Energy Regulators → appliesRegulation → Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency ⓘ
ACER → appliesRegulation → Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency ⓘ
Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency → fullTitle → Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency ⓘ
linked to: Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency