Preparing for new EU data requirements
As the European Union moves towards mandatory fundamental and post-trade data reporting obligations, Alex Davis examines whether the energy industry is ready for the task
On December 8 last year, the European Commission (EC) released its proposals on improving integrity and transparency in the energy markets. Long in discussion, the new regulations were believed to be necessary to close gaps that existed in the Market Abuse Directive as it applied to the energy sector.
One of the key elements is the requirement for energy companies to provide the new Agency for the Cooperation of Energy Regulators (ACER) with a record of transactions in wholesale energy products
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