CESR/ERGEG final advice on market abuse issues related to energy trading

02 October 2008

The regulators call for legally binding disclosure obligations in energy sector’s regulation including sanction mechanisms to better prevent market abuse in energy trading.

ERGEG and CESR advocate a tailored market abuse framework for energy markets. The regulators also call for legally binding disclosure obligations in energy sector’s regulation including sanction mechanisms to better prevent market abuse in energy trading.

 

ERGEG and CESR advocate the creation of an EU market abuse framework for electricity and gas products not covered by MAD. In addition, there are substantial interdependencies between electricity and gas markets and other markets, such as emission allowances, coal and oil markets. The Commission should take this into account when taking further decisions.

 

ERGEG and CESR will consult in October on the remaining mandate issues; record keeping, transparency and information exchange, and will deliver their final advice on these issues to the Commission by year end.

 

Press release

Feedback statement

Final advice

© CESR - Committee of European Securities Regulators