Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

ACER: French Energy Regulator (CRE) Fines EDF With The First Sanction For Insider Trading Under REMIT, And EDF Trading Limited (EDFT) For Market Manipulation

Date 10/05/2022

On 03 May 2022, the French energy regulatory authority (CRE) published two sanction decisions adopted by its Dispute Settlement and Sanctions Committee (CoRDiS) imposing fines of:

 

- EUR 500,000 on Electricité de France SA (EDF), for breaching the obligation to disclose inside information under Article 4 of the EU Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) and the prohibition of insider trading under Article 3,

- EUR 50,000 on EDF Trading Limited (EDFT), for manipulating the French wholesale electricity market in breach of Article 5 of REMIT.

Find out more.