Remit guidance requires more specific definitions
Acer guidance on Remit needs to contain clearer definitions of market manipulation and insider trading, and could cause serious liquidity problems, say market experts. By Ellen Davis
While industry experts are applauding the speed with which the Agency for the Cooperation of Energy Regulators (Acer) published its guidance on market manipulation and insider trading, many feel the actual guidance isn’t as helpful as had been hoped. The lack of clarity could cause serious liquidity problems for the commodity markets, they say.
Acer published the guidance on December 21 on its website, to help firms better understand the new prohibitions against insider trading and market
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