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ARTICLE · 26 JANUARY 2015

Reporting Obligations REMIT To Start At The End Of 2015

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek

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The European Commission adopted an implementing regulation on data reporting under REMIT at the end of December 2014.

NetherlandsEnergy and Natural Resources

The European Commission adopted an implementing regulation on data reporting under REMIT at the end of December 2014. REMIT introduces an energy sector-specific legal framework to counter insider trading and market manipulation on wholesale energy markets. REMIT includes obligations for market participants to report information about contracts for the supply or transportation of gas or electricity to ACER, the European Agency for the energy market. ACER will include the data collected in a central database. The implementing regulation provides further details as to which information regarding energy contract must be reported and by which dates. The first reporting date is 7 October 2015 for contracts admitted at organised market places, such as exchanges. For other wholesale energy contracts, 7 April 2016 will be the starting date.

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