Energy Risk Europe: Remit language too loose, say panellists
Weaknesses exist in the language of new rules meant to prevent use of insider information and other forms of market abuse in the wholesale energy sector
Panellists at Energy Risk Europe's regulatory round table yesterday raised concerns about the European Union's (EU) Regulation on Energy Market Integrity and Transparency (Remit). The new rules, which will come into force in December, have energy firms worried about perceived weaknesses in the language of the legislation and the rapidity of its implementation by energy firms.
Earlier this week, the EU formally adopted the new Remit legislation, which had been approved by the European Parliament
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